Which Way Goes Capitalism?
A well-known academic economist and former finance minister, at present member of the European Parliament, Dăianu 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, 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 financial meltdown, with its very dire effects on the real economy, can be prevented by adopting proper policies and regulations.
Dăianu goes back to some of the roots of the current crisis and the flaws or weaknesses of the global financial system. In doing so, he calls for the definition of new rules, of a new framework for global markets requires the active participation of all major players, including the emerging economies.
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