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The Euro : How A Common Currency Threatens The Future Of Europe - Joseph Stiglitz

The Euro

How A Common Currency Threatens The Future Of Europe

Paperback Published: 8th January 2018
ISBN: 9780141983240
Number Of Pages: 512

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Designed to bring Europe closer together, the euro has actually done the opposite: after nearly a decade without growth, unity has been replaced with dissent and enlargements with prospective exits. Joseph Stiglitz argues that Europe's stagnation and bleak outlook are a direct result of the fundamental flaws inherent in the euro project - economic integration outpacing political integration with a structure that actively promotes divergence rather than convergence. Money relentlessly leaves the weaker member states and goes to the strong, with debt accumulating in a few ill-favoured countries. The question now is: can the euro be saved?

Laying bare the European Central Bank's misguided inflation-only mandate and explaining why austerity has condemned Europe to unending stagnation, Stiglitz outlines three possible ways forward: fundamental reforms in the structure of the Eurozone and the policies imposed on the member countries suffering the most; a well-managed end to the euro; or a bold, new system he dubs the 'flexible euro;. This important book, by one of the world's leading economists, addresses the euro-crisis on a bigger intellectual scale than any predecessor.

About the Author

Joseph Stiglitz was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisors. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001.

Industry Reviews

Highly readable ... passionately written ... this important book will unnerve millions * Sunday Telegraph *
Stiglitz could hardly have timed The Euro better ... one of those economists with a rare ability to help readers understand complex ideas -- Philip Aldrick * The Times *
Coolly analytical ... he is surely right: without a radical overhaul of its workings, the Euro seems all but certain to fail * Economist *

ISBN: 9780141983240
ISBN-10: 0141983248
Audience: General
Format: Paperback
Language: English
Number Of Pages: 512
Published: 8th January 2018
Publisher: Penguin Books Ltd
Country of Publication: GB
Dimensions (cm): 19.6 x 13.0  x 2.6
Weight (kg): 0.35
Edition Number: 1

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Joseph Stiglitz

About the Author


Joseph Stiglitz was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisors. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001.Stiglitz has received more than 40 honorary degrees, including from Cambridge and Harvard, and he has been decorated by several governments including Bolivia, Korea, Colombia, Ecuador, and France, where he was appointed a member of the Legion of Honor, order Officer. In 2018 he was awarded the Sydney Peace Prize.

Visit Joseph Stiglitz's Booktopia Author Page