Dallago, Bruno (2019) Comparative economics, globalisation and the eurozone in the quest for a new eurozone paradigm. Acta Oeconomica, 69 (s1). pp. 99-119. ISSN 0001-6373
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Abstract
The Eurozone is at a crossroads. Its neoliberal and ordoliberal construction proved to be unworkable and, after the crisis, made the macroeconomic adjustment slow and costly – causing financial and real divergence among the member countries. Kolodko’s writings offer interesting insights. This article considers Kolodko’s study of Poland and Greece and adds two other paradigmatic cases, those of Germany and Italy. Kolodko’s case studies and criticism of neoliberalism lead him to propose a New Pragmatism in policy making. This proposal offers important insights, but neglects two fundamental problems: moral hazard and institutional differences. These have to be included in the New Pragmatism to give this the strength and ability to contribute to solve the Eurozone problems.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | Eszter Bálint |
| Date Deposited: | 29 Jan 2019 07:37 |
| Last Modified: | 31 Jan 2021 00:19 |
| URI: | http://real.mtak.hu/id/eprint/90652 |
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