Which Way Goes Capitalism?

In Search of Adequate Policies in a Dramatically Changing World
$50.00 / €45.00 / £40.00
Publication date: 
298 pages

Daniel Dăianu, a Member of the European Parliament, Professor of Economics at the National School for Political Studies and Public Administration (SNSPA) in Bucharest, former Minister of Finance of Romania.



Introduction: Return to Common Sense is Needed

Chapter 1.Institutional and Policy Diversity as an Engine of Economic Development

Chapter 2. Ethical Lapses of Capitalism: How Serious They Are

Chapter 3. Why is this Financial Crisis Occurring—How to Respond to It?

Chapter 4. What This Financial Crisis Tells Us

Chapter 5. A Strained European Model—Is Eastern Enlargement to Blame?

Chapter 6. The Monetary Union: The Decade Ahead. The Case of Non-Member States

Chapter 7. The EU Budget Review: Managing Diversity for a Growing EU 

Chapter 8. A Clash of Capitalism

Chapter 9. Epilogue: Keynes Is Back



"The book offers the unique viewpoint of an economist who lived under communism for many years and then experienced life in the European Union. Summing up: recommended."
"This is an important and timely volume. Daniel Dăianu, a well-known academic economist and a former finance minister, gives a lucid and well balanced overview of the current financial turbulences that have hit the developed economies. Strongly criticizing the excesses of neoliberal capitalism, Dăianu calls for implementing necessary regulatory reforms in the financial sector and for restoration of a proper balance between the functions of the state and the market. A highly recommended, refreshing and fascinating reading for all policy-makers!"
"The book goes back to some of the roots of the current crisis and the flaws or weaknesses of the financial system in general and in Europe in particular. In doing so, he extensively discusses the EU monetary Union and the critical question whether, how and when the new EU Member States can and should join the euro. Also the EU budget role and the meaning of the so-called European Social Model are elaborated in imaginative terms. It has a unique combination of solid knowledge of the analytical (economic) policy literature, with insight in economic policymaking, so it has an appeal for both communities of readers."
"Daniel Dăianu sends a very strong and important warning. The main lesson from the crisis is that to deliver their best results in terms of growth, employment and fight against poverty, markets must be embedded in the right set of principles and rules. Without appropriate rules there always are market failures. Without sound and timely implementation of rules there always are policy failures. And this crisis is definitely the result of both market and policy failures."