Monetary Union in Crisis

The European Union as a Neo-Liberal Construction

  • Editors
  • Bernard H. Moss

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Introduction: The EU as a Neo-liberal Construction

  3. History of the European Community

    1. Front Matter
      Pages 27-27
    2. Bernard H. Moss
      Pages 121-144
  4. The Failure of the European Community Quantified: Monetarist Fetters

    1. Front Matter
      Pages 171-171
    2. Gerald Friedman
      Pages 173-195
  5. Monetarist Turn in Member-States: Neo-liberal, Social-Democratic, and Communist

  6. Back Matter
    Pages 281-324

About this book


This volume presents a radical reinterpretation of the European Community or Union as a neo-liberal construction. It was neo-liberal rather than classically liberal because it was designed and used as an external instrument to weaken the interventionist welfare state that protected working people and strengthened the hand of labor. It was founded on the vision of a free market untrammelled by public intervention and worked to ensure competition, sound money and profitability against the inflationary force of workers and unions and the welfare state. Monetary union in particular restored profitability but produced slow growth, mass unemployment, and insecurity and came under challenge, most dramatically in France, by working people from below. This view is substantiated by an economically based study of member-state performance and complemented by a series of national studies on the monetarist turn by leading scholars.


European Community European Integration European Union European Union (EU) growth Inflation Keynes monetary union money unemployment

Bibliographic information

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