The Political Economy of the Common Agricultural Policy: Coordinated Capitalism or Bureaucratic Monster?, 1st Edition (Paperback) book cover

The Political Economy of the Common Agricultural Policy

Coordinated Capitalism or Bureaucratic Monster?, 1st Edition

By Fernando Collantes

Routledge

168 pages | 7 B/W Illus.

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Description

What is the balance of the European Union’s Common Agricultural Policy more than half a century after its birth? Does it illustrate the virtues of the European model of coordinated capitalism, as opposed to U.S.-style liberal capitalism? Or is it an incoherent set of instruments that exert diverse negative impacts and, like Frankenstein’s monster, seems to have escaped the control of its designers?

The Political Economy of the Common Agricultural Policy does not criticize the CAP from the liberal standpoint that views most public interventions in the economy as bad for efficiency and welfare. The CAP has been costly to Europeans, both as consumers and as taxpayers, and has also generated a number of negative impacts upon third countries, but these costs and impacts have been more moderate than is suggested. This book proposes that the issue with the CAP is not a generic problem of coordinating capitalism, but instead a more specific problem of low-quality coordination. The text argues that profound reform of the European Union’s institutions and policies is required to counter the rapid rise of a more Euro-sceptical state of mind but - in the case of agricultural policy - history casts serious doubts on the capacity of the European network of agriculture-related politicians to lead such a reform.

This key work is essential reading for researchers, graduate students, and masters-level docents of the Common Agricultural Policy and – more broadly – European Union policy and reform.

Table of Contents

Introduction

Chapter 1: The “European model of agriculture" on trial

Chapter 2: What is the CAP about?

Chapter 3: The monster myth

Chapter 4: An even greater myth: coordinated agrarian capitalism

Chapter 5: The political back room

Epilogue: A story to be continued?

About the Author

Fernando Collantes is an Associate Professor of Socioeconomic History at the University of Zaragoza, Spain. He has published widely on rural development and food systems from a historical perspective. He currently serves as a trustee of the Spanish Economic History Association.

Subject Categories

BISAC Subject Codes/Headings:
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS070010
BUSINESS & ECONOMICS / Industries / Agribusiness
POL024000
POLITICAL SCIENCE / Public Policy / Economic Policy
POL044000
POLITICAL SCIENCE / Public Policy / Environmental Policy