After the crisis: towards a sustainable growth model
Description
The devastating economic and financial crisis has revealed the limitations of financial capitalism and opened up a window of opportunity to propose and implement progressive reforms. Against this background the European Trade Union Institute has brought together critical and progressive academics and researchers from Europe and the United States to help launch a debate on setting an agenda for a reformed capitalism ‘after the crisis’. A total of 39 contributors provide concise, policy-oriented proposals, each one focusing on a specific area of relevance to a post-crisis world. The 39 contributions to this book are divided into four thematic sections. The first deals with financial market re-regulation; the second with labour market and social policies for more equality, social justice and good jobs for all; the third with macroeconomic policy reform and coordination; while the fourth covers institutional complementarities and issues raised by the imperative of ecologically sustainable growth. Common to them all is the recognition that the crisis was more than a failure of financial markets and that a broad agenda of change is needed to address fundamental economic, social and ecological problems inherent in the existing growth model.
Download here the introduction
NEW! German translation of the introduction
NEW! An Italian version of the book containing selected contributions from the original publication together with some new articles on the Italian situation has been published by Sbilanciamoci! in cooperation with the ETUI. The publication entitled 'Dopo la crisi. Proposte per un’ economia sostenible' (Edizioni dell'Asino - Rom 2010) can be downloaded here.
Author(s)/Editor(s)
Andrew Watt
Senior researcher, ETUIphone: +32 (0) 2 224 05 12
Andreas Botsch
Special Advisorphone: +32 (2) 2240 501
Table of contents
Sony Kapoor - Principles for financial system reform
Dean Baker - Recipe for reform: accountable regulators and a smaller financial sector
Paul De Grauwe - The future of banking
Yiannis Kitromilides - Should banks be nationalised?
Robert Kuttner - Reforming finance
Helene Schuberth - Making finance serve society
Thomas I. Palley - A better way to regulate financial markets: assetbased reserve requirements
Stefan Schulmeister - A general financial transaction tax: enhancing stability and fiscal consolidation
Andreas Botsch - After the financial market crisis — a trade union agenda
Eileen Appelbaum - After the crisis: employment relations for sustained recovery and growth
Ronald Schettkat - Employment after the crisis: New Deal for Europe required
Sandrine Cazes and Sher Verick - Labour market policies in times of crisis
Bernard Gazier - Labour market policies after the crisis: towards social investment in transitions
Allan Larsson - Stress-testing Europe’s social systems
Friederike Maier - Re-cession or He-cession - gender dimensions of economic crisis and economic policy
Jill Rubery - Salvaging gender equality policy
Ewart Keep and Ken Mayhew - Training and skills during and after the crisis – what to do and what not to do
Mario Pianta - Industrial and innovation policies in Europe
Wiemer Salverda - Inequality and the great (wage) moderation
Thorsten Schulten - A European minimum wage policy for a more sustainable wage-led growth model
Heiner Flassbeck - The state is alive but not yet kicking
Gerald Epstein - Capital management financial risks and help achieve fair and sustainable growth
Pierre Defraigne - Reforming global economic governance – towards Bretton Woods III
Nuria Molina-Gallart - Making finance work for development
Gustav A. Horn - What role for monetary policy?
Andrew Watt - It should come automatically: European coordination to strengthen the automatic stabilisers
Richard Murphy and Markus Meinzer - The tax gap at the core of the current financial crisis and how to close it
Sebastian Dullien and Daniela Schwarzer - The EMU needs a stability pact for intra-regional current account imbalances
Willi Koll and Volker Hallwirth - Strengthening the Macroeconomic Dialogue to tackle economic imbalances within Europe
Franz Nauschnigg - Better European financial architecture to prevent crises
Bruno Amable - A change of model requires a new balance of power
Dorothee Bohle and Béla Greskovits - Development partnership and solidarity pact: supporting recovery in East-Central Europe
Henning Jørgensen - It’s the policy mix, stupid!
Frank Hoffer - Business as usual — means a very different business
Sigurt Vitols - The sustainable company: part of the solution to our triple crisis?
Iain Begg - Reforming the EU budget to promote sustainable growth
Jean Gadrey - A job-rich ‘post-growth’ economy
Jacques Le Cacheux - Towards a low carbon economy? European coordination of carbon taxation is crucial
Pierre Jonckheer - The green New Deal: proposals for a sustainable economy
