Overview
This book analyzes the interaction of European social models - the institutions structuring labor markets' supply side - and their turbulent macroeconomic environment from the deep Europe-wide recession, ending Germany's post-unification boom, through monetary union's establishment, to the Great Recession following the recent financial crisis. The analysis reaches two conclusions challenging the dominant view that the social models caused unemployment by impairing labor markets' efficiency in the name of equity. First, the social models' employment and distributive effects are far outweighed by their macroeconomic environment, especially in the Eurozone, where its truncated structure of economic governance transformed the Great Recession into a sovereign debt crisis. Second, instead of a trade-off between efficiency and equity, the employment effects of counteracting markets' tendency to generate inequality depends on the macroeconomic conditions under which it occurs and how it is done.
Full Product Details
Author: Jon Erik Dølvik (Research Director,, Research Director,, Research Director, Fafo Institute for Labour and Social Research, Oslo) ,
Andrew Martin (Research Associate, Research Associate, Center for European Studies, Harvard University)
Publisher: Oxford University Press
Imprint: Oxford University Press
Dimensions:
Width: 16.20cm
, Height: 3.10cm
, Length: 23.60cm
Weight: 0.840kg
ISBN: 9780198717966
ISBN 10: 0198717962
Pages: 460
Publication Date: 18 December 2014
Audience:
College/higher education
,
Undergraduate
,
Postgraduate, Research & Scholarly
Format: Hardback
Publisher's Status: Active
Availability: Manufactured on demand
We will order this item for you from a manufactured on demand supplier.
Reviews
European Social Models from Crisis to Crisis is an amazing volume with sobering conclusions for European welfare state and integration prospects. It is the first collection in welfare regime studies and comparative political economy to show how the European sovereign debt crisis, with its aftershocks of mass unemployment and rising inequality resulted from how monetary integration unfolded since the 1989 fall of the Berlin Wall. By doing so in a highly structured fashion, the volume rightly breaks with the convention of 'methodological nationalism.' It's a first rate, timely and utterly indispensable read for EU and domestic policy makers, welfare state students, political economists and EU integration pundits and academics. Anton Hemerijck, Professor of Institutional Policy Analysis, VU University Amsterdam, and Centennial Professor of Social Policy, LSE This volume delivers a pioneering study of the connection between the development of Europe's monetary system and the evolution of European welfare and labour regimes. Analysing the causes and consequences of the recent crisis, Dolvik and Martin conclude that the divergence within the Eurozone is likely to deepen. Clearly, ignoring the crisis' severe social consequences implies risking disintegration of EMU and destabilisation of the EU. To better reconcile Europe's economic and social objectives, EMU needs further reform. Reading this book will help all who want to work on this in either theory or practice. Laszlo Andor, Commissioner for Employment, Social Affairs and Inclusion, European Commission 2010-2014
This is a fascinating book providing a wealth of information and incisive analysis on how monetary integration affects the evolution of social models in Europe. It is required reading for all those who are eager to understand the social dimension of the euro crisis. Paul De Grauwe, John Paulson Professor in European Political Economy at the London School of Economics and Political Science European Social Models from Crisis to Crisis is an amazing volume with sobering conclusions for European welfare state and integration prospects. It is the first collection in welfare regime studies and comparative political economy to show how the European sovereign debt crisis, with its aftershocks of mass unemployment and rising inequality resulted from how monetary integration unfolded since the 1989 fall of the Berlin Wall. By doing so in a highly structured fashion, the volume rightly breaks with the convention of 'methodological nationalism.' It's a first rate, timely and utterly indispensable read for EU and domestic policy makers, welfare state students, political economists and EU integration pundits and academics. Anton Hemerijck, Professor of Institutional Policy Analysis, VU University Amsterdam, and Centennial Professor of Social Policy, LSE This volume delivers a pioneering study of the connection between the development of Europe's monetary system and the evolution of European welfare and labour regimes. Analysing the causes and consequences of the recent crisis, Dolvik and Martin conclude that the divergence within the Eurozone is likely to deepen. Clearly, ignoring the crisis' severe social consequences implies risking disintegration of EMU and destabilisation of the EU. To better reconcile Europe's economic and social objectives, EMU needs further reform. Reading this book will help all who want to work on this in either theory or practice. Laszlo Andor, Commissioner for Employment, Social Affairs and Inclusion, European Commission 2010-2014
Author Information
Jon Erik Dølvik, a sociologist, is Research Director at Fafo Institute for Labour and Social Research in Oslo. He has published extensively in the field of comparative employment relations, social models, and labor migration in the Nordic and European context. Besides stays as visiting scholar abroad, including Harvard's Center for European Studies, he is on the editorial boards of European Journal of Industrial Relations and Transfer - European Review of Labour and Research; Andrew Martin, a political scientist, is a Research Associate at the Harvard Center for European Studies where he co-edits the Center's working papers. He previously taught at Harvard and other universities. His publications include Euros and Europeans: Monetary Integration and the European Model of Society and The Brave New World of European Labor (both co-edited with George Ross) as well as numerous other studies on labor and the comparative politics of economic policy.
