Description
Book SynopsisThis critical and thought-provoking book explores the causes and consequences of Europe’s failed political and economic institutions. Most strikingly, the interplay between Europe’s political and economic realms is exposed as the boondoggle it is, with increasingly bureaucratic institutions plaguing the continent and endangering future potential.
Trade Review'An important and timely contribution. David Howden has brought together an excellent collection of essays which go beyond the theoretical discussion of Austrian business cycle theory, exploring instead its empirical relevance to one of the most serious financial crises in modern European history.'
- Mark Pennington, Queen Mary, University of London, UK
'This is an important and refreshing book which provides an approach of current problems quite different from what is (too often) written. In my opinion it is the only correct analysis of the economic crisis and of European problems. In spite of the diversity both of contributors and topics, a common and rigorous intellectual foundation gives unity and strength to this book. It offers the clues for the best understanding of present and future economic problems.'
- Pascal Salin, Emeritus Professor of Economics, University Paris-Dauphine, France
'The current European recession is being offered as an excuse for a wider, more expansive centralized Europe. Failure to recognize the true causes of the recession - failed institutions that have plagued Europe for years, and will continue to do so if permitted to continue - will prolong the current malaise, and hold Europe back from its new future. Let us hope that the current volume does much to bring this new Europe to us.'
--- From the foreword by Jesus Huerta de Soto
Table of ContentsContents: Foreword Jesús Huerta de Soto 1. Institutional Illusion and Financial Entrepreneurship in the European Debt Scheme Gabriel A. Giménez-Roche 2. A Stock-taking of the Impact of the Crisis Jörg Guido Hülsmann 3. The Irish Economic ‘Miracle’: Celtic Tiger or Bengal Kitten? Anthony J. Evans 4. Europe’s Unemployment Crisis: Some Hidden Relief? David Howden 5. Europe’s Crisis of Accounting Maria Alvarado, Laura Muro and Kirk Lee Tennant 6. Solvency II and the European Sovereign Debt Crisis: The Case of Misplaced Prudence Antonio Zanella 7. The Eurosystem: Costs and Tragedies Philipp Bagus 8. Fiscal Stimulus, Financial Ruin Fernando Ulrich 9. From German Rules to European Discretion: Policy’s Slippery Slope Malte Tobias Kähler 10. The Euro as a Hindrance to Recovery? A Comparative Analysis of the Czech Republic and Slovakia Jiří Schwarz and Josef Šima 11. Compounding Agricultural Poverty: How the EU’s Common Agricultural Policy is Strangling European Recovery Brian Ó Caithnia Index
