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- Rewriting the rules of the European economy : an agenda for growth and shared prosperity / by Stiglitz, Joseph E.,author.(CARDINAL)147756; Dougherty, Carter,author.; Foundation for European Progressive Studies,author.;
Introduction: Europe today and the path forward -- Part I. Achieving full employment, rapid growth, and economic stability -- Employment, not austerity -- Monetary policy: prioritizing employment -- Investing for an equitable future -- Part II. Making markets work for fairness and efficiency -- Promoting competitive markets: incentives, regulations, and innovation -- Toward a financial system that serves society -- Taxation to promote justice and growth -- Part III. Inquality and a twenth-first-century European social model -- Poverty, inequality, and the welfare state -- A European social security system for the twenty-first century -- Labor markets, good wages, and working conditions -- Part IV. Managing globalization for Europe and the world-- The future of Europe in a globalized world.Includes bibliographical references and index."A companion to his acclaimed work in Rewriting the Rules of the American Economy, Joseph E. Stiglitz, along with Carter Dougherty and the Foundation for European Progressive Studies, lays out the economic framework for a Europe with faster growth that is more equitably shared. Europe is in crisis. Sluggish economic growth in many countries, widespread income stagnation, and recession have led to severe political and social consequences. Social protections for citizens have been cut back. Governments offer timid responses to deep-seated problems. These economic and political failures have contributed to the rise of extremist parties on the right. Marginalized populations are being made scapegoats for Europe's woes. But the problems of today's Europe stem from decisions based on a blind worship of markets in too many areas of policy. If Europe is to return to an innovative and dynamic economy-and if there is to be shared prosperity, social solidarity, and justice-then EU countries need to break with their current, destructive trajectory. This volume offers concrete strategies for renewal that would also reinvigorate the project of European integration, with fresh ideas in the areas of both macroeconomics and microeconomics, including central banking, public investment, corporate governance and competition policy, social policy, and international trade"--- Subjects: Public investments; Banks and banking;
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