Which Way Goes Capitalism?
In Search of Adequate Policies in a Dramatically Changing World
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.
"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." Pier Carlo Padoan, Deputy-Secretary General of the OECD
"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." Jacques Pelkmans, Director, European Economic Studies, College of Europe
"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!" Dariusz Rosati, professor of economics, member of the European Parliament
"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."
Foreword; Acknowledgements; 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; Appendices; Index
ISBN 978-963-9776-47-0 cloth $50.00 / €45.00 / £40.00