Table of Contents -- Foreword -- Acknowledgements -- Introduction. Return to Common Sense -- Chapter 1. Institutional and Policy Diversity as an Engine of Economic Development -- I. What Influences Institutional and Policy Diversity? -- II. An Historical Perspective -- III. Examining the Record -- IV. Where Do We Stand? -- V. Transition Economies and Institutional and Policy Diversity -- VI. Concluding Remarks -- References -- Chapter 2. Ethical Lapses of Capitalism: How Serious They Are -- I. Introduction -- II. Ethics and Economy
III. Understanding Micro and Macro BehavioursIV. Institutional Responses to Ethical Lapses -- V. Conclusion: Whither Capitalism? -- References -- Chapter 3. Why This Financial Crisis Is Occurring�How to Respond to It -- I. Introduction -- II. A Classification of Financial Crises -- III. The Current Crisis�What Has Triggered It and Its Implications -- IV. How to Respond to This Crisis -- V. Summing Up -- References -- Chapter 4. What This Financial Crisis Tells Us -- I. The Calculation Debate Revisited -- II. Is Only Greed to Be Blamed?
III. What This Crisis Teaches UsIV. Limits of Openness -- References -- Chapter 5. A Strained European Model�Is Eastern Enlargement to Blame? -- I. Introduction -- II. The ESM and the Roots of Its Strain -- III. The Race for Competitiveness -- IV. Who Fears Globalisation? -- V. High Growth Rates are Not Enough: The Case of Central Europe -- VI. The Future of the ESM -- References -- Chapter 6. The Monetary Union: The Decade Ahead. The Case of Non-Member States -- I. Introduction -- II. The First Decade of Monetary Union
III. Old and New Challenges for the Monetary UnionIV. Challenges for the New Member States -- V. Concluding Remarks -- References -- Chapter 7. The EU Budget Review: Managing Diversity for a Growing EU -- I. Introduction -- II. The History of the EU Budget: A Small Economic Instrument of Great Political Clout -- III. The European Union in the New Global Context: Challenges and Opportunities -- IV. Principles of the Reform -- V. Reviewing and Reforming the Budget: Concrete Measures to Take -- VI. Implementation of New Provisions -- VII. Concluding Remarks
Bibliography
""References""""Chapter 8. A Clash of Capitalisms""; ""I. Public Policy in Today�s World: A Plea for Open-Mindedness and Pragmatism""; ""II. Which Globalisation?""; ""III. The EU at ""Midlife"": Cause for Celebration, but with Guarded Optimism""; ""Iv. Capitalism vs. Capitalism in the 21st century""; ""V. Final Remarks""; ""References""; ""Epilogue. Keynes Is Back""; ""Appendix 1. European Parliament Resolution of 9 October 2008 with Recommendations to the Commission on Lamfalussy Follow-Up: Future Structure of Supervision (2008/2148 (INI) ""
Notes
""Appendix 2. Financial Markets Cannot Govern Us""
