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On the Political Economy of the European Union

Author

Listed:
  • Julia M. Puaschunder

    (The New School, Department of Economic, USA)

  • Martin Gelter

    (Fordham University School of Law and Center on European Union Law)

Abstract

Political economy concerns historical, legal and heterodox economics analysis of complex systems. This article attempts to analyze the current state of the European Union from historical, legal and interdisciplinary economics perspectives. Historically, the ancient Athenian democracy, the Holy Roman Empire and the early formation of the United States serve as examples of early innovative legal constructs of their times that were sui generis and share key features with the current European Union. Regarding legal developments, this paper discusses the bicameral parliamentary structure, electoral processes and populist pressures. The future of the European Union economy is likely to see an AI (r)evolution shaping markets and rising big data revenues. This develop necessitates the creation of a fifth fundamental freedom of data transfer within the European Union, as well as taxation of growth generated by big data. Heterodox economic growth theories will increasingly have to account for this growth.

Suggested Citation

  • Julia M. Puaschunder & Martin Gelter, 2019. "On the Political Economy of the European Union," Proceedings of the 15th International RAIS Conference, November 6-7, 2019 001JP, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:ipaper:001jp
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    References listed on IDEAS

    as
    1. Julia M. Puaschunder, 2019. "Artificial Intelligence Evolution: On the virtue of killing in the artificial age," Scientia Moralitas Journal, Scientia Moralitas, Research Institute, vol. 4(1), pages 51-72, July.
    2. Julia M. Puaschunder, 2019. "Artificial Intelligence Market Disruption," Proceedings of the 13th International RAIS Conference, June 10-11, 2019 01 JP, Research Association for Interdisciplinary Studies.
    3. Julia M. Puaschunder, 2018. "Nudgital: Critique of Behavioral Political Economy," Proceedings of the 9th International RAIS Conference on Social Sciences and Humanities, April 4-5, 2018 006, Research Association for Interdisciplinary Studies.
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    Citations

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    Cited by:

    1. Julia M. Puaschunder & Dirk Beerbaum, 2020. "The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 021jpmd, Research Association for Interdisciplinary Studies.
    2. Julia M. Puaschunder & Martin Gelter & Siegfried Sharma, 2020. "COVID-19-Shock: Considerations on Socio-Technological, Legal, Corporate, Economic and Governance Changes and Trends," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 011jpb, Research Association for Interdisciplinary Studies.
    3. Julia M. Puaschunder, 2020. "The Future of Artificial Intelligence in International Healthcare: An Index," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 003jp, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    Ancient Athenian democracy; Artificial Intelligence; Bicameral parliament; Big data; Electoral system; European Union; Holy Roman empire; market disruption; political economy; Populist pressures; Taxation; United States;
    All these keywords.

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