The European crisis of economic liberalism: can the law help?
Everson, Michelle (2019) The European crisis of economic liberalism: can the law help? In: Nanopoulos, E. and Vergis, F. (eds.) The Crisis behind the Eurocrisis: The Eurocrisis as a Multidimensional Systemic Crisis of the EU. Cambridge, UK: Cambridge University Press, pp. 381-402. ISBN 9781108598859.
Abstract
The European Union is caught in a trap; but is this a trap of the European Union’s own making? Following Dani Rodrik’s analysis, the problem might be argued to be akin to the ‘trilemma’ associated with economic globalisation. For as long as the Union fails to overcome its founding functionalism and eschews its own (federal) ‘statalisation’, it will only ever be able to guarantee two out of three cherished notions of economic integration, national sovereignty and democracy. The parings might vary: sovereignty can always be combined with (national) democracy, just as trade liberalisation can be undertaken in a democratic manner (albeit of the Europeanised variety); yet, the simultaneous presence of all three concepts is an impossibility, a simple and inevitable consequence of the effort to move beyond the traditional structures of the nation state in pursuit of a single, integrated European market. Book synopsis: The Crisis behind the Euro-Crisis encourages dialogue among scholars across the social sciences in an attempt to challenge the narrative that regarded the Euro-crisis as an exceptional event. It is suggested instead that the Euro-crisis, along with the subsequent crises the EU has come to face, was merely symptomatic of deeper systemic cracks. This book's aim is to uncover that hidden systemic crisis - the 'crisis behind the Euro-crisis'. Under this reading it emerges that what needs to be questioned is not only the allegedly purely economic character of the Euro-crisis, but, more fundamentally, its very classification as an 'emergency'. Instead, the Euro-crisis needs to be regarded as expressive of a chronic, dysfunctional, but 'normal' condition of the EU. By following this line of analysis, this book illuminates not only the causes of contemporary turbulences in the European project, but perhaps the 'true' nature of the EU itself.
Metadata
| Item Type: | Book Section |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Law School |
| Depositing User: | Michelle Everson |
| Date Deposited: | 24 Oct 2022 14:51 |
| Last Modified: | 02 Aug 2023 18:18 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/49483 |
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