Playing the Market: A Political Strategy for Uniting Europe, 1985-2005 (Cornell Studies in Political Economy)

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In the 1980s and 1990s, Nicolas Jabko suggests, the character of European integration altered radically, from slow growth to what he terms a "quiet revolution." In Playing the Market, he traces the political strategy that underlay the move from the Single Market of 1986 through the official creation of the European Union in 1992 to the coming of the euro in 1999. The official, shared language of the political forces behind this revolution was that of market reforms―yet, as Jabko notes, this was a very strange "market" revolution, one that saw the building of massive new public institutions designed to regulate economic activity, such as the Economic and Monetary Union, and deeper liberalization in economic areas unaffected by external pressure than in truly internationalized sectors of the European economy.

What held together this remarkably diverse reform movement? Precisely because "the market" wasn't a single standard, the agenda of market reforms gained the support of a vast and heterogenous coalition. The "market" was in fact a broad palette of ideas to which different actors could appeal under different circumstances. It variously stood for a constraint on government regulations, a norm by which economic activities were (or should be) governed, a space for the active pursuit of economic growth, an excuse to discipline government policies, and a beacon for new public powers and rule-making. In chapters on financial reform, the provision of collective services, regional development and social policy, and economic and monetary union, Jabko traces how a coalition of strange bedfellows mobilized a variety of market ideas to integrate Europe.

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"Playing the Market is a fascinating and important book. In a nuanced yet forceful account, Nicolas Jabko demonstrates that the European Commission deployed a strategy that invoked multiple dimensions of the logic of 'the market' to promote its political objectives of deeper European integration and to accelerate the process beyond anyone's expectations. This is the best book I've seen about the development of the single market and its repercussions for the integration process."-Daniel Kelemen, University of Oxford

"Playing the Market offers a provocative and simple analysis of the European integration process. Nicolas Jabko systematically builds a strong argument based on four solid case studies."-Amy Verdun, University of Victoria

"In Playing the Market, Nicolas Jabko provides an unconventional and thought-provoking interpretation of the 'quiet revolution' that linked in one process the Single European Act (SEA) and the Treaty on European Union (TEU). This is an important book for students of comparative politics and European integration. It must be read by all who want to understand the reorientation of the process of European integration from 1986 into the new millennium."—James A. Caporaso, University of Washington

About the Author:

Nicolas Jabko is a Senior Research Fellow at Sciences Po, Paris.

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9780801477911: Playing the Market: A Political Strategy for Uniting Europe, 1985–2005 (Cornell Studies in Political Economy)

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Book Description Cornell University Press, United States, 2006. Hardback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****. In the 1980s and 1990s, Nicolas Jabko suggests, the character of European integration altered radically, from slow growth to what he terms a quiet revolution. In Playing the Market, he traces the political strategy that underlay the move from the Single Market of 1986 through the official creation of the European Union in 1992 to the coming of the euro in 1999. The official, shared language of the political forces behind this revolution was that of market reforms-yet, as Jabko notes, this was a very strange market revolution, one that saw the building of massive new public institutions designed to regulate economic activity, such as the Economic and Monetary Union, and deeper liberalization in economic areas unaffected by external pressure than in truly internationalized sectors of the European economy. What held together this remarkably diverse reform movement? Precisely because the market wasn t a single standard, the agenda of market reforms gained the support of a vast and heterogenous coalition. The market was in fact a broad palette of ideas to which different actors could appeal under different circumstances. It variously stood for a constraint on government regulations, a norm by which economic activities were (or should be) governed, a space for the active pursuit of economic growth, an excuse to discipline government policies, and a beacon for new public powers and rule-making. In chapters on financial reform, the provision of collective services, regional development and social policy, and economic and monetary union, Jabko traces how a coalition of strange bedfellows mobilized a variety of market ideas to integrate Europe. Seller Inventory # APC9780801444630

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Book Description Cornell University Press, United States, 2006. Hardback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****.In the 1980s and 1990s, Nicolas Jabko suggests, the character of European integration altered radically, from slow growth to what he terms a quiet revolution. In Playing the Market, he traces the political strategy that underlay the move from the Single Market of 1986 through the official creation of the European Union in 1992 to the coming of the euro in 1999. The official, shared language of the political forces behind this revolution was that of market reforms-yet, as Jabko notes, this was a very strange market revolution, one that saw the building of massive new public institutions designed to regulate economic activity, such as the Economic and Monetary Union, and deeper liberalization in economic areas unaffected by external pressure than in truly internationalized sectors of the European economy. What held together this remarkably diverse reform movement? Precisely because the market wasn t a single standard, the agenda of market reforms gained the support of a vast and heterogenous coalition. The market was in fact a broad palette of ideas to which different actors could appeal under different circumstances. It variously stood for a constraint on government regulations, a norm by which economic activities were (or should be) governed, a space for the active pursuit of economic growth, an excuse to discipline government policies, and a beacon for new public powers and rule-making. In chapters on financial reform, the provision of collective services, regional development and social policy, and economic and monetary union, Jabko traces how a coalition of strange bedfellows mobilized a variety of market ideas to integrate Europe. Seller Inventory # APC9780801444630

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