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Synopsis
The economies of the Eurozone countries are plagued by multiple crises, which cast major doubts over the future of the Euro. In this engaging new book, leading heterodox economist Malcolm Sawyer argues that the entire policy framework of the Eurozone was fundamentally flawed from its foundation. He shows how these design faults intensified the effects of the crisis, made an effective response to the crash almost impossible, and are now locking in perpetual self-defeating austerity. Sawyer proposes a bold alternative agenda for reviving the continent s economic prosperity and saving the Euro, centred on a Federal fiscal policy and deep reform of the European Central Bank. He argues, however, that these solutions would require a fundamental transformation that is almost certain to encounter huge ideological and political obstacles. He therefore concludes that Europe faces a bleak economic future, blighted by low growth, high unemployment and social division. This major contribution to one of the key economic and political issues of our time will be essential reading for everyone interested in Europe s future.
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Review
"Malcolm Sawyer, like a safety inspector, examines the design faults of the European Union and highlights measures to make the European system safe. His book will be indispensable after the next financial crisis focuses European minds. I heartily endorse his analysis."
Ann Pettifor, City University London
"For an open-minded, clear and analytical discussion of the problems of the euro and the eurozone, the reader can do no better than Malcolm Sawyer's book. Whatever one's position on the single currency, this is a must-read."
John Weeks, University of London
About the Author
Malcolm Sawyer is Emeritus Professor of Economics at Leeds University Business School.
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- PublisherPolity
- Publication date2017
- ISBN 10 1509515240
- ISBN 13 9781509515240
- BindingHardcover
- Edition number1
- Number of pages140
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Hardcover. Condition: new. Hardcover. The economies of the eurozone countries are plagued by multiple crises, which cast major doubts over the future of the euro. In this engaging new book, leading economist Malcolm Sawyer argues that the entire policy framework of the eurozone was fundamentally flawed from its foundation. He shows how these design faults intensified the crisis and are now locking in perpetual self-defeating austerity. Sawyer proposes a bold alternative agenda for reviving the continents economic prosperity and saving the euro. He argues, however, that the required solutions are certain to encounter huge obstacles. He therefore concludes that Europe faces a bleak economic future, blighted by low growth, high unemployment and social division. This major contribution to one of the key economic debates of our time will be essential reading for everyone interested in Europes future. The economies of the Eurozone countries are plagued by multiple crises, which cast major doubts over the future of the Euro. In this engaging new book, leading heterodox economist Malcolm Sawyer argues that the entire policy framework of the Eurozone was fundamentally flawed from its foundation. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781509515240
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