Does Europe need neoliberal reforms?

Cambridge Journal of Economics

Volumn 31, Issue 1, 2007, Pages 145-169

  Panic M ^a  

^a SELWYN COLLEGE   (United Kingdom)

Author keywords

Economic performance; Environmental degradation; Globalisation; Labour and social institutions; Macroeconomic management; Neoliberal economic orthodoxy; Social well being; Three models of capitalism; Welfare state

Indexed keywords

CAPITALISM; ECONOMIC PLANNING; ECONOMIC POLICY; ECONOMIC REFORM; EMPLOYMENT; ENVIRONMENTAL DEGRADATION; GLOBALIZATION; LABOR MARKET; NEOLIBERALISM; SUSTAINABLE DEVELOPMENT;

EURASIA; EUROPE;

EID: 33846471588     PISSN: 0309166X     EISSN: 14643545     Source Type: Journal    
DOI: 10.1093/cje/bel030     Document Type: Article

References (76)

1. Arrow, K. J. and Hahn, F. 1971. General Competitive Analysis, San Francisco, Holden- Day
2. Ball, L. 1999. Aggregate demand and long-run unemployment, Brookings Papers on Economic Activity, no. 2, 189-236
3. Baker, D., Glyn, A., Howell, D. R. and Schmitt, J. 2005. Labour market institutions and unemployment: Assessment of the cross-country evidence, in Howell, D. R. (ed.), Fighting Unemployment - The Limits of Free Market Orthodoxy, Oxford, Oxford University Press
4. Barr, N. 2004. The Economics of the Welfare State, 4th edn, Oxford, Oxford University Press
5. Bator, F. 1958. The anatomy of market failure, Quarterly Journal of Economics, vol. 72, 351-79
6. Berlin, I. 1967. Two concepts of liberty, in Four Essays on Liberty, Oxford, Oxford University Press
7. Beveridge, W. H. [1944] 1967. Full Employment in a Free Society, London, Allen & Unwin
8. Brenner, M. and Vad, T. B. 2000. Sweden and Denmark: Defending the welfare state, in Scharpf, F. and Schmidt, V. A. (eds), Welfare and Work in the Open Economy, Vol. 2, Oxford, Oxford University Press
9. Deakin, S. and Reed, H. (2000A) River crossing or cold bath? Deregulation and employment in Britain in the 1980s and 1990s, in Esping-Andersen, G. and Regini, M. (eds), Why Deregulate Labour Markets?, Oxford, Oxford University Press
10. Deakin, S. and Reed, H. (2000B) The contested meaning of labour market flexibility: Economic theory and the discourse of European integration, in Shaw, J. (ed.), The Evolution of EU Social Policy, Oxford, Hart
11. De Grauwe, P. 2003. Economics of Monetary Union, 5th edn, Oxford, Oxford University Press
12. Dixon, A. D. (ed.) 2000. Controversies in Macroeconomics: Growth, Trade and Policy, Oxford, Oxford University Press
13. Dworkin, R. M. 1978. Liberalism, in Hampshire, S. (ed.), Public and Private Morality, Cambridge, Cambridge University Press
14. EBRD 1999. Transition Report 1999: Ten Years of Transition, London, European Bank for Reconstruction and Development
15. Esping-Andersen, G. 1990. The Three Worlds of Welfare Capitalism, Oxford, Oxford University Press
16. Esping-Andersen, G. and Regini, M. (eds) 2000. Why Deregulate Labour Markets?, Oxford, Oxford University Press
17. Fleming, J. M. 1962. Domestic financial policies under fixed and under floating exchange rates, IMF Staff Papers, vol. 9, 369-80
18. Fuchs, S. and Schettkat, R. 2000. Germany: A regulated flexibility, in Esping-Andersen, G. and Regini, M. (eds) Why Deregulate Labour Markets?, Oxford, Oxford University Press
19. Fukuyama, F. 1992. The End of History and the Last Man, New York, Free Press
20. Galbraith, J. K. and Berner, M. 2001. Inequality and Industrial Change: A Global View, Cambridge, Cambridge University Press
21. Glennerster, H. and Midgley, J. 1991. The Radical Right and the Welfare State, Hemel Hempstead, Harvester Wheatsheaf
22. Goodin, R. E., Heady, B., Muffels, R. and Dirven, H. J. 1999. The Real Worlds of Welfare Capitalism, Cambridge, Cambridge University Press
23. Gorter, C. 2000. The Dutch miracle? in Esping-Andersen, G. and Regini, M. (eds) Why Deregulate Labour Markets?, Oxford, Oxford University Press
24. Halpern, D. 2005. Social Capital, Cambridge, Polity
25. Harvey, D. 2005. A Brief History of Neoliberalism, Oxford, Oxford University Press
26. HM Treasury 2003. EMU and Labour Market Flexibility, London, Stationery Office
27. ILO 2004. Economic Security for A Better World, Geneva, International Labour Office
28. IMF 1999. Chronic unemployment in the euro area: Causes and cures, World Economic Outlook, Washington, D.C., IMF
29. IMF 2003. Unemployment and labour market institutions: Why reforms pay off, World Economic Outlook (April), Washington, D.C., IMF
30. Kalecki, M. [1933] 1966. Essay on business cycle theory, in Studies in the Theory of Business Cycles 1933-1939, Oxford, Basil Blackwell
31. Kaul, I., Grunberg, I. and Stern, M. A. (eds) 1999. Global Public Goods: International Cooperation in the 21st Century, New York, United Nations Development Programme
32. Kersbergen, K. 1995. Social Capitalism: A Study of Christian Democracy and the Welfare State, London, Routledge
33. Keynes, J. M. [1926] 1972. The end of laissez-faire, in Essays in Persuasion, London, Macmillan and Cambridge University Press
34. Keynes, J. M. 1936. The General Theory of Employment, Interest and Money, London, Macmillan
35. King's College London 2005. Prison Population Rates, International Centre for Prison Studies: Icpsκcl.ac.uk
36. Kleinman, M. 2002. A European Welfare State? European Social Policy in Context, London, Palgrave
37. Lambsdorf, J. G. 2005. Corruption Perception Index 2004, in Transparency International, The Global Corruption Report 2005, London, Pluto Press
38. Lavigne, M. 1999. The Economics of Transition, 2nd edn, London, Macmillan
39. Levy, J. D. 2000. France: Directing adjustment? in Scharpf, F.W. and Scmidt, V. A. (eds), Welfare and Work in the Open Economy, Vol. 2, Oxford, Oxford University Press
40. Maddison, A. 1989. The World Economy in the 20th Century, Paris, OECD
41. Malo M. A., Toharia, L. and Gante, J. 2000. France: The deregulation that never existed, in Esping-Andersen, G. and Regini, M. (eds), Why Deregulate Labour Markets?, Oxford, Oxford University Press
42. Malthus, T. R. (1820) Principles of Political Economy Considered with A View to Their Practical Application, London, Murray
43. Manow, P. and Seils, E. 2000. Adjusting badly: The German welfare state, structural change, and the open economy, in Scharpf, F. W. and Schmidt, V. A. (eds), Welfare and Work in the Open Economy, Vol. 2, Oxford, Oxford University Press
44. Mundell, R. A. 1963. Capital mobility and stabilisation under fixed and flexible exchange rates, Canadian Journal of Economics and Political Science, vol. 29, 475-85
45. Muysken, J. 2001. The Dutch Polder model: Will the dykes hold? in Carlson, E. and Mitchell, W. F. (eds), Achieving Full Employment, The Economics and Labour Relations Review, vol. 12, Suppl.
46. Meadows, D., Randers, J. and Meadows, D. 2004. Limits to Growth: The 30-Year Update, White River Junction, VT, Chelsea Green
47. Navarro, V., Schmitt, J. and Astudillo, J. 2004. Is globalisation undermining the welfare state? Cambridge Journal of Economics, vol. 28, 133-52
48. Nickell, S. 1997. Unemployment and labour market rigidities: Europe versus North America, Journal of Economic Perspectives, vol. 11, no. 3, 55-74.
49. Nickell, S. 2003. Labour market institutions and unemployment in OECD countries, CESifo DICE Report, vol. 1, no. 2, Summer
50. Nozick, R. 1974. Anarchy, State, and Utopia, Oxford, Blackwell
51. Oakland, W. H. 1987. Theory of public goods, in Auerbach, A. J. and Feldstein, M. (eds), Handbook of Public Economics, Vol. 2, Amsterdam, North Holland
52. OECD 1994. Jobs Study, Paris, OECD
53. OECD 1997. Economic performance and the structure of collective bargaining, Employment Outlook, Paris, OECD
54. OECD 1999A. Employment protection and labour market performance, Employment Outlook, Paris, OECD
55. OECD 1999B. Implementing the OECD Jobs Strategy: Assessing Performance and Policy, Paris, OECD
56. OECD 2002. And the twain shall meet: Cross-markets effects of labour and product market policies, Employment Outlook, Paris, OECD
57. OECD (2005A) Employment Outlook, Paris, OECD
58. OECD (2005B) Factbook 2005, OECD, ISBN 92-64-01869-7
59. Panić, M. 1988. National Management of the International Economy, London, Macmillan/New York, St Martins Press
60. Panić, M. 1992. European Monetary Union: Lessons from the Classical Gold Standard, London, Macmillan/New York, St Martin's Press
61. Panić, M. 2004. The UK and the euro: Some key economic issues, Cambridge Yearbook of European Legal Studies, Vol. 5, 35-58
62. Panić, M. (2005A) Reconstruction, development and sustainable peace: a unified programme for post-conflict countries, in UN Department for Economic and Social Affairs, Development Challenges in Sub-Saharan Africa and Post-Conflict Countries, Report of the Committee for Development Policy, New York, United Nations
63. Panić, M. (2005B) Globalisation and National Economic Welfare, paperback edn, London, Palgrave Macmillan
64. Panic,́ M. (2005C) The euro and the welfare state, in Dougan, M. and Spaventa, E. (eds), Social Welfare and EU Law, Oxford, Hart
65. Ricardo, D. [1817] 1970. The Principles of Political Economy and Taxation, in Sraffa, P. and Dobb, M. (eds), The Works and Correspondence of David Ricardo, Cambridge, Cambridge University Press
66. Rifkin, J. 2004. The European Dream: How Europe's Version of the Future is Quietly Eclipsing the American Dream, New York, Tarcher/Penguin
67. Roberts, J. and Postlewaite, A. 1976. The incentive for price-taking behaviour in large economies, Econometrica, vol. 44, 115-27
68. Sachs, J. D. and Larrain, F. 1993. Macroeconomics in the Global Economy, Hemel Hempstead, Harvester Wheatsheaf
69. Saint-Paul, G. 2004. Why are European countries diverging in their unemployment experience?, Journal of Economic Perspectives, vol. 18, no. 4, 49-68
70. Sen, A. 1999. Development as Freedom, Oxford, Oxford University Press
71. Siebert, H. 1997. Labour rigidities: At the root of unemployment in Europe, Journal of Economic Perspectives, vol. 11, no. 3, 37-54
72. Smith, T. B. 2004. France in Crisis, Cambridge, Cambridge University Press
73. Swank, D. 2002. Global Capital, Political Institutions, and Policy Change in DevelopedWelfare States, Cambridge, Cambridge University Press
74. UNDP 2004. Human Development Report 2004, New York, United Nations
75. UNDP 2005. Human Development Report 2005, New York, United Nations
76. Unger, R. M. 1975. Knowledge and Politics, New York, Free Press