The European Economy in an American Mirror: 1st Edition (Paperback) book cover

The European Economy in an American Mirror

1st Edition

Edited by Barry Eichengreen, Dieter Stiefel, Michael Landesmann


528 pages | 69 B/W Illus.

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Europe’s economy is under strain due to lagging productivity growth, population ageing, the difficulties of adjustment in an enlarged European Union, and the challenges of globalization. In comparison with America, rates of growth of GDP per capita and labour productivity growth are anaemic, raising questions about the viability of a distinct European model. From observations like these, conclusions can be drawn that Europe will feel irresistible pressure to allow its policies and institutions to converge toward those of the United States. But how far and how fast are uncertain.

Edited by internationally renowned authors in the field and packed with articles by an impressive array of international contributors, this book examines the American and European economies; drawing comparisons between them.

Bringing together specialists from both sides of the Atlantic, including Lindert, DeLong and Buti to analyze the current state of both economies and their responses to the changing global environment, the book deals with competitiveness on the one hand and the relationship between institutions and markets on the other.

This volume is particularly relevant to postgraduate and postdoctoral students undertaking research in all areas of European integration and international political economy, while also being appropriate for a professional audience.


"This book is a must buy for any library with an interest in the study of the European Union. The 19 contributors are highly regarded university researchers and civil servants, with two-thirds of them from the EU. Chapters cover the complete range of economic and social issues, from competition to welfare programs to employment tot he constitutional situation … this is an excellent book for any student of the EU" -- CHOICE July 2008, Vol. 45 (P.K. Kresl, Bucknell University)

Table of Contents

Volume 1: Growth, Competitiveness and Employment 1. Economic Institutions and Policies in the US and the EU: Convergence or Divergence? 2. Between Neo-liberalism and No Liberalism: Progressive Approaches to Economic Liberalization in Western Europe 3. Technology Regimes and Productivity Growth in Europe and the United States: A Comparative and Historical Perspective 4. Comparing Welfare in Europe and the United States 5. Long-Term Competitiveness of the Wider Europe 6. American Fiscal Policy in the Post-war Era: An Interpretive History 7. Fiscal Policy in Europe: The Past and Future of EMU Rules from the Perspective of Musgrave and Buchanan 8. Convergence via Two-tier Reforms and Growthless Job Creation in Europe 9. How Well Do the Clothes Fit?: Priors and Evidence in the Debate over Flexibility and Labour Market Performance 10. Employment and Labour Productivity in the EU: Reconsidering a Potential Trade-off in the Lisbon Strategy Volume 2: Corporate Governance, Social Policy and Migration 1. Europe’s Constitutional Imbroglio 2. European Union Expansion: A Constitutional Perspective 3. The Welfare State and Euro-Growth 4. Is there a European Welfare Model Distinct From the US Model? 5. International Migrations: Some Comparisons and Lessons for the European Union 6. Migration, Labour Markets and Integration of Migrants: An Overview for Europe with a Comparison to the US 7. The Policy of Insolvency EU – US 8. Phases of Competition Policy in Europe 9. From Accidental Disagreement to Structural Antagonism: The US and Europe: Old and New Conflicts of Interest, Identities, and Values, 1945–2005

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / General
BUSINESS & ECONOMICS / Economics / Comparative