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Can Europe prosper without the euro?
In 2010, the 2008 global financial crisis morphed into the “eurocrisis.” It has not abated. The 19 countries of Europe that share the euro currency―the eurozone―have been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the eurozone have careened from emergency to emergency, most notably in Greece.
In The Euro, Nobel Prize–winning economist and best-selling author Joseph E. Stiglitz dismantles the prevailing consensus around what ails Europe, demolishing the champions of austerity while offering a series of plans that can rescue the continent―and the world―from further devastation.
Hailed by its architects as a lever that would bring Europe together and promote prosperity, the euro has done the opposite. As Stiglitz persuasively argues, the crises revealed the shortcomings of the euro. Europe’s stagnation and bleak outlook are a direct result of the fundamental challenges in having a diverse group of countries share a common currency―the euro was flawed at birth, with economic integration outpacing political integration. Stiglitz shows how the current structure promotes divergence rather than convergence. The question then is: Can the euro be saved?
After laying bare the European Central Bank’s misguided inflation-only mandate and explaining how eurozone policies, especially toward the crisis countries, have further exposed the zone’s flawed design, Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the eurozone and the policies imposed on the member countries; a well-managed end to the single-currency euro experiment; or a bold, new system dubbed the “flexible euro.”
With its lessons for globalization in a world economy ever more deeply connected, The Euro is urgent and essential reading.
About the Author: Joseph E. Stiglitz is a Nobel Prize–winning economist and the best-selling author of The Great Divide, Rewriting the Rules of the American Economy, The Price of Inequality, Freefall: America, Free Markets, and the Sinking of the World Economy, and Globalization and Its Discontents. He is a columnist for the New York Times and Project Syndicate and has written for Vanity Fair, Politico, The Atlantic, and Harper’s. He teaches at Columbia University and lives in New York City.
Title: The Euro: How a Common Currency Threatens ...
Publisher: W. W. Norton & Company
Publication Date: 2016
Book Condition: Used: Very Good
Book Description W. W. Norton & Company, 2016. Condition: Good. 1st Edition. Former Library book. Shows some signs of wear, and may have some markings on the inside. Seller Inventory # GRP93422874
Book Description W. W. Norton & Company. Hardcover. Condition: VERY GOOD. Light rubbing wear to cover, spine and page edges. Very minimal writing or notations in margins not affecting the text. Possible clean ex-library copy, with their stickers and or stamp(s). Seller Inventory # 2944951456
Book Description W. W. Norton & Company, 2016. Hardcover. Condition: Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, may not include cdrom or access codes. Customer service is our top priority!. Seller Inventory # S_221670560
Book Description Norton & Company, Incorporated, W. W. Hardcover. Condition: Very Good. A copy that has been read, but remains in excellent condition. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name. The spine remains undamaged. At ThriftBooks, our motto is: Read More, Spend Less. Seller Inventory # G039325402XI4N00
Book Description W. W. Norton & Company, 2016. Hardcover. Condition: Good. Good solid copy with jacket, mild to moderate reading/age wear, with jacket, jacket has some mild edge wear, may have ex owner inscription and/or some light markings. We take great pride in accurately describing the condition of our books and media, ship within 48 hours, and offer a 100% money back guarantee. Seller Inventory # mon0000083803
Book Description W. W. Norton & Company. Condition: Good. Light general wear/soiling. May have light notes/highlighting. Hardcover. Seller Inventory # DW4-02892
Book Description W. W. Norton & Company 2016-08-16, 2016. Hardcover. Condition: Very Good. 1. 039325402X Very Good Condition- May show some limited signs of wear and may have a remainder mark. Pages and dust cover are intact and not marred by notes or highlighting. Tracking is not available for orders shipped outside of the United States. **Heavier books will require additional postage for International**. Seller Inventory # WW-HC(D)-VG-039325402X
Book Description W. W. Norton & Company, 2016. Condition: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Seller Inventory # 039325402X-2-4
Book Description W. W. Norton & Company, 2016. Hardcover. Condition: Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, may not include cdrom or access codes. Customer service is our top priority!. Seller Inventory # S_226565694
Book Description W. W. Norton & Company, 2016. Hardcover. Condition: Good. Connecting readers with great books since 1972. Used books may not include companion materials, some shelf wear, may contain highlighting/notes, may not include cdrom or access codes. Customer service is our top priority!. Seller Inventory # S_210178656