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The European Union as an Economic System: From the European Coal and Steel Community to the Euro

In: Consistency and Viability of Capitalist Economic Systems

Author

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  • John Marangos

Abstract

On the one hand, the historical legacy of Europe includes centuries of wars between adjacent countries, climaxing in World War II and resurfacing with the most recent war in the former Yugoslavia. On the other hand, in 1946, Winston Churchill called for the establishment of a United States of Europe. After World War II, efforts were made to unify the economic and political systems of Europe, cumulating in a broad consensus for cooperation in the form of today’s European Union (EU). The United States also supported European unification through the Marshall Plan—a US plan named after then secretary of state, George Marshall—which provided aid for postwar reconstruction.

Suggested Citation

  • John Marangos, 2013. "The European Union as an Economic System: From the European Coal and Steel Community to the Euro," Palgrave Macmillan Books, in: Consistency and Viability of Capitalist Economic Systems, chapter 0, pages 171-222, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-08087-5_6
    DOI: 10.1057/9781137080875_6
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