The European Economy since 1945: Coordinated Capitalism and Beyond

The narrative begins at a pivotal moment in history, 1945, when Europe stood at the brink of transformation. Barry Eichengreen meticulously charts the evolution of the European economy in the ensuing decades, detailing how it moved from a fragmented post-war landscape to a more coordinated and integrated economic framework. He highlights the crucial role of institutions and policies that shaped the continent’s recovery, delving into the mechanisms of coordinated capitalism that emerged during this period.

As Eichengreen examines the complexities of economic growth and the interplay of national and international forces, he offers insights into the changing dynamics of labor markets, trade, and finance. The book not only assesses past developments but also contemplates the future challenges that the European economy faces, making it a compelling read for those interested in understanding the intricacies of economic systems and their evolution in response to societal needs.