Models of Capitalism in the European Union

Post-crisis Perspectives

  • Beáta Farkas

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Institutional Analysis in Economics

    1. Front Matter
      Pages 1-1
    2. Beáta Farkas
      Pages 3-27
  3. Models of the Market Economy in the EU at the Threshold of the Global Financial and Economic Crisis of 2008

    1. Front Matter
      Pages 73-73
    2. Beáta Farkas
      Pages 141-224
  4. Market Economies of the EU in the 2008 Global Crisis

  5. European Integration of the Varieties of Capitalism

  6. Back Matter
    Pages 509-541

About this book


This book uses comparative economic analysis to provide a common conceptual framework for all current European Union member states. Based on empirical investigation, the author identifies the Nordic, North-western, Mediterranean, and Central and Eastern models of capitalism on the threshold of the 2008 global financial and economic crisis. The chapters also examine the resulting institutional responses to the crisis and the methods of crisis management adopted by each member state. The analysis reveals that the crisis has not triggered radical institutional change but, instead, highlighted deep institutional differences not between the old and new member states, but between the Nordic, North-western, Mediterranean, and Central and Eastern European countries. These institutional differences are so significant that they require the rethinking of European integration theory.

Models of Capitalism in the European Union serves as a useful handbook for academics, advanced students, policy-makers and advisors who are interested in European economic issues.


Comparative economics European integration 2008 Financial Crisis Institutional analysis EU member states capitalism European Union (EU) political economy political science politics

Authors and affiliations

  • Beáta Farkas
    • 1
  1. 1.Finance and International Economic RelationsUniversity of SzegedSzegedHungary

Bibliographic information

Industry Sectors
Finance, Business & Banking