Designing and Building a European Economy: From the 1930s to 1991

Fabio Masini

Chapter Chapter 2 in European Economic Governance, 2022, pp 9-42 from Springer

Abstract: Abstract This chapter reconstructs the major intellectual influences that impacted the early designing, before WWII, and building, after the war, of the European process of economic integration. We shall illustrate how the failure to properly address the challenge of sharing national sovereignty (upon which the European project was built) beyond coal and steel led Europe to several, relevant failures that would impact the effectiveness of the European economic action until the late 1980s. We shall reconstruct the role of changing theoretical patterns in assisting and contrasting the political will to proceed along monetary integration during the 1970s and highlight the role of Padoa-Schioppa’s theory of the inconsistent quartet as an agenda-setting mechanism to deepen European integration, eventually leading to the launching of the single currency project.

Keywords: Early European economic architecture; Neoliberalism; Federalism; Monetary integration (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-13094-6_2

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DOI: 10.1007/978-3-031-13094-6_2

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