THE REFORM OF EUROPE
A POLITICAL GUIDE TO THE FUTURE
BY MICHEL AGLIETTA
OUT NOW
A powerful and progressive programme for the eurozone
https://www.versobooks.com/books/2880-the-reform-of-europe
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Since 2010, the eurozone crisis has roiled the continent, creating
political discord and generating a long period of economic stagnation.
The cyclical recovery enjoyed in 2017 is no cause for complacency. It
should act as an impetus to undertake long-overdue reforms.
At present, there is no future for those incapable of investing. There
is no stimulus for innovation in countries that have been converted to
the hegemony of finance at the expense of productive investment.
Europe must confront the challenges of the twenty-first century by
recovering the community spirit behind the Union’s origins.
The Reform of Europe demonstrates the need for a long-term vision with
two goals: the reconstruction of a social contract based on
entrepreneurial partnership and investment in the transition to
ecological sustainability. This political vision will restore to
citizens of the member states a sense of belonging to a wider
community. To this end, argues Michel Aglietta, one of today’s most
important heterodox economists, we must strengthen European
institutions at the financial and fiscal levels. This means making the
euro a full currency, endowed with democratic legitimacy.
Michel Aglietta is Emeritus Professor at the Université Paris-Ouest,
where he is a scholarly advisor to the CEPII and France Stratégie. His
previous books include A Theory of Capitalist Regulation and Money:
5,000 Years of Debt and Power.
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Hardback: ISBN 9781786632548/ £16.99
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