000			02519cam a2200277zu 4500
001			88807827
003			FRCYB88807827
005			20250106110211.0
006			m o d
007			cr un
008			250106s2008 fr | o|||||0|0|||eng d
020			_a9780691138480
035			_aFRCYB88807827
040			_aFR-PaCSA _ben _c _erda
100	1		_aEichengreen, Barry
245	0	1	_aThe European Economy since 1945 _bCoordinated Capitalism and Beyond _c['Eichengreen, Barry']
264		1	_bPrinceton University Press _c2008
300			_a p.
336			_btxt _2rdacontent
337			_bc _2rdamdedia
338			_bc _2rdacarrier
650		0	_a
700	0		_aEichengreen, Barry
856	4	0	_2Cyberlibris _uhttps://international.scholarvox.com/netsen/book/88807827 _qtext/html _a
520			_aIn 1945, many Europeans still heated with coal, cooled their food with ice, and lacked indoor plumbing. Today, things could hardly be more different. Over the second half of the twentieth century, the average European's buying power tripled, while working hours fell by a third. The European Economy since 1945 is a broad, accessible, forthright account of the extraordinary development of Europe's economy since the end of World War II. Barry Eichengreen argues that the continent's history has been critical to its economic performance, and that it will continue to be so going forward. Challenging standard views that basic economic forces were behind postwar Europe's success, Eichengreen shows how Western Europe in particular inherited a set of institutions singularly well suited to the economic circumstances that reigned for almost three decades. Economic growth was facilitated by solidarity-centered trade unions, cohesive employers' associations, and growth-minded governments--all legacies of Europe's earlier history. For example, these institutions worked together to mobilize savings, finance investment, and stabilize wages. However, this inheritance of economic and social institutions that was the solution until around 1973--when Europe had to switch from growth based on brute-force investment and the acquisition of known technologies to growth based on increased efficiency and innovation--then became the problem. Thus, the key questions for the future are whether Europe and its constituent nations can now adapt their institutions to the needs of a globalized knowledge economy, and whether in doing so, the continent's distinctive history will be an obstacle or an asset.
999			_c1392 _d1392