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List of Figures | p. ix |
List of Tables | p. xi |
Preface | p. xv |
List of Abbreviations | p. xix |
Introduction | p. 1 |
Mainsprings of Growth | p. 15 |
Probing Deeper | p. 20 |
Institutional Foundations of the Golden Age | p. 31 |
Institutions and History | p. 40 |
The End of the Golden Age | p. 47 |
The Postwar Situation | p. 52 |
Reconstruction | p. 54 |
The Transition to Sustained Growth | p. 59 |
Normalization and the Political Economy of the Marshall Plan | p. 64 |
German Economic and Monetary Reform | p. 70 |
Obstacles to Integration | p. 73 |
The 1949 Devaluations | p. 77 |
The European Payments Union | p. 79 |
Dawn of the Golden Age | p. 86 |
Understanding Growth in the 1950s | p. 89 |
Germany as Pacesetter | p. 93 |
Next in Line | p. 97 |
The Laggards | p. 118 |
Toward the Golden Age | p. 129 |
Eastern Europe and the Planned Economy | p. 131 |
The Strategy of Central Planning | p. 133 |
Problems of Central Planning | p. 142 |
Partial Reforms | p. 146 |
Planning Innovation | p. 154 |
Regional Integration | p. 155 |
The End of Reform | p. 160 |
The Integration of Western Europe | p. 163 |
Initial Steps | p. 167 |
EFTA and the British Dilemma | p. 176 |
Economic Effects | p. 178 |
The Common Agricultural Policy | p. 182 |
The Luxembourg Compromise | p. 185 |
Inklings of Monetary Integration | p. 187 |
The Common Market as an Established Fact | p. 195 |
The Apex of the Golden Age | p. 198 |
The Heyday of Extensive Growth | p. 199 |
The Incorporation of the European Periphery | p. 204 |
Wage Explosion and Labor Conflict | p. 216 |
The End of the Golden Age | p. 223 |
Mounting Payments Problems | p. 225 |
Italy's Crisis | p. 226 |
Britain's Problems | p. 229 |
The French Crisis and the German Response | p. 238 |
The Collapse of Bretton Woods | p. 242 |
The European Response | p. 246 |
Declining Growth, Rising Rigidities | p. 252 |
The Productivity Slowdown | p. 253 |
Innovation | p. 257 |
Unemployment | p. 263 |
Stabilization in Britain | p. 277 |
The EMS Initiative | p. 282 |
The EMS in Operation | p. 286 |
The Legacy | p. 290 |
The Collapse of Central Planning | p. 294 |
The Survival of Central Planning | p. 296 |
The Collapse of Communism | p. 301 |
Recession and Adjustment | p. 303 |
Dilemmas of Transition | p. 308 |
Economic Response | p. 310 |
German Reunification | p. 318 |
Normalization and Integration | p. 328 |
Integration and Adjustment | p. 335 |
The Single Market | p. 336 |
Integration in Practice | p. 341 |
From the Delors Report to the Maastricht Treaty | p. 346 |
The EMS Crisis | p. 357 |
The Transition to Monetary Union | p. 366 |
EMU and Its Implications | p. 370 |
Adjustment and Growth | p. 377 |
Europe at the Turn of the Twenty-first Century | p. 379 |
Employment and Growth | p. 381 |
Reducing Unemployment | p. 388 |
Implications for European Unemployment | p. 393 |
Productivity Growth | p. 398 |
Eastern European Prospects and Western European Implications | p. 406 |
Economic Prospects | p. 412 |
The Future of the European Model | p. 414 |
Battle of the Systems | p. 419 |
The Shadow of History | p. 423 |
Sources of Growth | p. 427 |
References | p. 433 |
Index | p. 461 |
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