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Reescribir las reglas de la economía europea
Europa está en crisis. La pandemia provocada por la COVID-19 no ha hecho más que poner de manifiesto de forma aún más cruda sus debilidades: un crecimiento económico lento en muchos países y una recesión con graves consecuencias políticas y sociales, los recortes sociales y las tímidas respuestas de los gobiernos a situaciones enquistadas. Hemos asistido a una sucesión de fracasos económicos y políticos que ha contribuido al surgimiento de partidos de extrema derecha. Las poblaciones más vulnerables se han convertido en el chivo expiatorio de todos los males, pero los principales obstáculos para el crecimiento de la Europa actual se derivan de decisiones basadas en un culto ciego a los mercados.
Si Europa desea activar de nuevo una economía innovadora y dinámica, si aspira a una prosperidad más inclusiva, a la solidaridad y la justicia social, los países de la Unión Europea deben romper con su actual y errática trayectoria. Este libro ofrece estrategias de renovación que revitalizarían el proyecto de integración europeo, con ideas que traen aire fresco a los ámbitos de la macro y la microeconomía, sin obviar temas como los bancos centrales, la inversión pública, las políticas sociales y el comercio internacional.
Si Europa desea activar de nuevo una economía innovadora y dinámica, si aspira a una prosperidad más inclusiva, a la solidaridad y la justicia social, los países de la Unión Europea deben romper con su actual y errática trayectoria. Este libro ofrece estrategias de renovación que revitalizarían el proyecto de integración europeo, con ideas que traen aire fresco a los ámbitos de la macro y la microeconomía, sin obviar temas como los bancos centrales, la inversión pública, las políticas sociales y el comercio internacional.
- GenresEconomicsNonfiction
372 pages, Paperback
Published February 3, 2021
33 people are currently reading
386 people want to read
About the author
Joseph E. Stiglitz
247 books1,844 followersJoseph Eugene Stiglitz, ForMemRS, FBA, is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists") and some international institutions like the International Monetary Fund and the World Bank.
In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Professor Stiglitz is also an honorary professor at Tsinghua University School of Public Policy and Management. Stiglitz is one of the most frequently cited economists in the world.
In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Professor Stiglitz is also an honorary professor at Tsinghua University School of Public Policy and Management. Stiglitz is one of the most frequently cited economists in the world.
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Displaying 1 - 5 of 5 reviews
February 24, 2020
Joseph Stiglitz is a Nobel Prize winner in economics who is a Professor at Columbia. He is a progressive and thinks actively and well about the positive role of government in economic behavior contra to the market fundamentalists and neoliberals. One knows were he stands clearly because he is also a fine writer. In addition to this, he has been a Senior Vice President and Chief Economist of the World Bank and a member of the Council of Economic Advisors, so he has at least had to grapple with issues of crafting practical policies and actually implementing those policies.
This is a book he produced in conjunction with colleagues at a Progressive European think tank aimed at presenting a program of economic reform for the European Union. Stiglitz led a volume of this sort for the US not long ago and it is a good time for the effort directed at Europe. The European Union is complex and puzzling at times and his book on the Euro was helpful. This book is a reasonable follow-up on many of the issues raised in the book. It is a good time for it, given the passage of some time since the last major crises and the 2008 recession, coupled with passage of Brexit and the turmoil of the Trump Administration.
The various topics covered in the book could all provide bases for separate books, so I won’t try to summarize the policy recommendation. The spirit of these recommendations, as applied to the US are likely to become much better known on the campaign trail as the year progresses. Spoiler alert, he is sympathetic with the democrats and has little positive to say about the current administration. A book like this, or its American counterpart, is helpful in an election year, when the potential for a very high noise to signal ratio increases. Stiglitz is a good author to read for more solid policy choices.
For what it is trying to do, it is a very good volume.
This is a book he produced in conjunction with colleagues at a Progressive European think tank aimed at presenting a program of economic reform for the European Union. Stiglitz led a volume of this sort for the US not long ago and it is a good time for the effort directed at Europe. The European Union is complex and puzzling at times and his book on the Euro was helpful. This book is a reasonable follow-up on many of the issues raised in the book. It is a good time for it, given the passage of some time since the last major crises and the 2008 recession, coupled with passage of Brexit and the turmoil of the Trump Administration.
The various topics covered in the book could all provide bases for separate books, so I won’t try to summarize the policy recommendation. The spirit of these recommendations, as applied to the US are likely to become much better known on the campaign trail as the year progresses. Spoiler alert, he is sympathetic with the democrats and has little positive to say about the current administration. A book like this, or its American counterpart, is helpful in an election year, when the potential for a very high noise to signal ratio increases. Stiglitz is a good author to read for more solid policy choices.
For what it is trying to do, it is a very good volume.
June 28, 2020
The interesting thing today is to compare these ideas (published January 2020) with the actuall proceedings of EU - and you will find out that most of the low hanging fruit from Stiglitz´s list is actually there.
The book itself is a coherent take on what to do packaged in quite a specific ideology, but if you take that into account and do not take the author on word by word basis it works very well. Some times the approach is too axiomatic ("it is self evident that this is good and this is bad"), but if you take it as an intellectual provocation, than cool.
The book itself is a coherent take on what to do packaged in quite a specific ideology, but if you take that into account and do not take the author on word by word basis it works very well. Some times the approach is too axiomatic ("it is self evident that this is good and this is bad"), but if you take it as an intellectual provocation, than cool.
May 25, 2025
What is wrong with Europe? On the one hand, the continent has enjoyed a period of remarkable stability and peace, robust democratic institutions, and strong rule of law. It has world-class research institutions, a well-trained workforce, and stellar infrastructure. And yet.... From the vantage of 2020, Stiglitz views a continent in decline, struggling with anemic growth, low trust, and European institutions not fit for the challenges of the 21st century. This book is a compilation of his prescriptions for the continent. providing policy ideas to jump start Europe's economy and rebuild social solidarity.
The book is well constructed, with a systematic review of macroeconomic and microeconomic challenges and possible solutions. But the reasoning and policy prescriptions are stilted and rather mired in 20th century thinking. I was surprised how often Stiglitz's proposals were simply more of the same. Challenges with social welfare models? Well then, we simply need more of that model, including higher taxes and a more robust safety net! Challenges with democratic governance? Well, we just need more and better democracy! Stiglitz is strongest with his macroeconomic analysis, and I found his comments on the incomplete and paradoxical nature of EU fiscal and monetary instruments to be the most well-developed. But overall, the book lacked a common thread, a political vision that realistically envisioned the world as we have it, not the world progressives would like to have.
The book is well constructed, with a systematic review of macroeconomic and microeconomic challenges and possible solutions. But the reasoning and policy prescriptions are stilted and rather mired in 20th century thinking. I was surprised how often Stiglitz's proposals were simply more of the same. Challenges with social welfare models? Well then, we simply need more of that model, including higher taxes and a more robust safety net! Challenges with democratic governance? Well, we just need more and better democracy! Stiglitz is strongest with his macroeconomic analysis, and I found his comments on the incomplete and paradoxical nature of EU fiscal and monetary instruments to be the most well-developed. But overall, the book lacked a common thread, a political vision that realistically envisioned the world as we have it, not the world progressives would like to have.
September 29, 2020
This book is very well written by a Nobel laureate J.E. Stiglitz. Stiglitz serves in very comprehensive ways between the introduction, problems, and the solutions proposed when approaching the European economic circumstance. The reader will get very organized elaboration on each topic. Not a wonder for a researcher like him makes the book very enjoyable to read. Very well recommended for all Economic and business students and scholars.
This book may not for everyone, but Stiglitz's endeavor in making each reader, who comes from different backgrounds, understands the matter well needs to be appreciated. I have no complaints about the style. I enjoy it. Besides a researcher, Stiglitz is a progressive. He acts as a doctor who gives insight and cures into economic problems. His views on each thing may against your conscience. For example, how Stiglitz's view in liberalization should be well applied, in this case, Europe. He points out about solidarity to overcome the crisis situation. The proposed idea is so ideal but sounds axiomatic. He argues that what is good here/there won't be good there/here and I think he doesn't stick with that in some last chapters when juxtaposing the US and European economies. Unfortunately, I found a "bigotry" in the book which I think is too strong for an academician, referring his disagreement to the US's current regime. To make a fair judgment, he must mention the previous regime's policies that had run for two terms are more impactable than the current.
I don't agree with his view of the trade war with China because the US has endured unfair trade agreements for years. Protecting the country does not mean an anti multilateral when it is hurting the national interests. Hardly leaders nowadays can deal with the win-win solution. They will put the nation's interest first even though it is not the best one. Finally, in 2020, the pandemic year, what will he say? The lesson learned is making every country has to figure out its supply chain, for instance, and not depend on one source. Because if China manufactures collapse, there will not be a major disruption in other countries' economies. Lastly, the book brings good discussion. Worth your time.
This book may not for everyone, but Stiglitz's endeavor in making each reader, who comes from different backgrounds, understands the matter well needs to be appreciated. I have no complaints about the style. I enjoy it. Besides a researcher, Stiglitz is a progressive. He acts as a doctor who gives insight and cures into economic problems. His views on each thing may against your conscience. For example, how Stiglitz's view in liberalization should be well applied, in this case, Europe. He points out about solidarity to overcome the crisis situation. The proposed idea is so ideal but sounds axiomatic. He argues that what is good here/there won't be good there/here and I think he doesn't stick with that in some last chapters when juxtaposing the US and European economies. Unfortunately, I found a "bigotry" in the book which I think is too strong for an academician, referring his disagreement to the US's current regime. To make a fair judgment, he must mention the previous regime's policies that had run for two terms are more impactable than the current.
I don't agree with his view of the trade war with China because the US has endured unfair trade agreements for years. Protecting the country does not mean an anti multilateral when it is hurting the national interests. Hardly leaders nowadays can deal with the win-win solution. They will put the nation's interest first even though it is not the best one. Finally, in 2020, the pandemic year, what will he say? The lesson learned is making every country has to figure out its supply chain, for instance, and not depend on one source. Because if China manufactures collapse, there will not be a major disruption in other countries' economies. Lastly, the book brings good discussion. Worth your time.
July 10, 2020
Senz'altro interessante, Stiglitz tocca tutti i punti principali della politica economica europea e globale; più volte vengono nominate crisi future e, nei capitoli 8 e 9, la possibilità di epidemie mondiali e come influenzerebbero l'economia. Sarebbe interessante conoscere il punto di vista dell'autore sulla situazione attuale: come dovrebbe muoversi l'Europa nel contesto del dopo-pandemia? E soprattutto, quali sono le misure da tenere a mente nei mercati finanziari e non, nei confronti di quei paesi che si trovano in difficoltà come l'Italia?
Ho apprezzato particolarmente lo stile lineare e semplice che permette la lettura e la comprensione anche ai non addetti ai lavori.
Ho apprezzato particolarmente lo stile lineare e semplice che permette la lettura e la comprensione anche ai non addetti ai lavori.
Displaying 1 - 5 of 5 reviews