Description
Providing a detailed historical analysis of the evolution of the Eurozone and its failings from the 1940s to the present day, the book argues that the Eurozone lacks the necessary monetary architecture, particularly the existence of a federal fiscal function which could have resolved the economic crisis quickly. The author examines the options available to Europe and concludes that an orderly abandonment of the euro and a return to national currencies is the superior option available. The justification for this conclusion is exhaustively argued within a Modern Monetary Theory framework.
This thoughtful and accessible account of Europe's economic woes will appeal to all those who are seeking an explanation for the crisis and are receptive to sensible and credible alternatives to the current scenario.
About the Author
William Mitchell, Professor of Economics, Centre of Full Employment and Equity, University of Newcastle, Australia
Book Information
ISBN 9781784716677
Author William Mitchell
Format Paperback
Page Count 520
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd