Models of Capitalism in the European Union [electronic resource] : Post-crisis Perspectives / by Beáta Farkas.

Introduction -- PART I: Institutional Analysis in Economics -- 1. Institutions in the Economic Thought -- 2. The Models of Capitalism - Comparative Institutional Analyses -- PART II: Models of the Market Economy in the EU at the Threshold of the Global Financial and Economic Crisis of 2008 -- 3. An Empirical Analysis of the Economic System -- 4. Models of Capitalism in the Enlarged EU -- PART III: Market Economies of the EU in the 2008 Global Crisis -- 5. Crisis-resistant Nordic Countries? -- 6. Different Development Paths in the North-Western Countries -- 7. The Search for a Way Out in the Mediterranean Countries -- 8. Crisis Management in the Central and Eastern European Member States -- PART IV: European Integration of the Varieties of Capitalism -- 9. Classification Based on the Driving Factors of the Crisis and the Models of Capitalism -- 10. Lessons to Learn from the Institutional Analysis -- 11. Models of Capitalism and the Future of the European Integration.

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.