For Another Europe Pa

In this innovative work, Guglielmo Carchedi argues that only an analysis centred on class as the basic unit of social life, with production and distribution of value understood as the bedrock of the economy, can throw light on the internal contradictions of European economic integration.

Guglielmo Carchedi is Senior Researcher in the Department of Economics and Econometrics at the University of Amsterdam

List of Tables and Figures

ix

Introduction

1

(6)

History, Institutions and Enlargements

7

(29)

Three Perspectives on European Integration

7

(13)

The European Economic Community

10

(2)

The European Community

12

(1)

The European Union

13

(4)

The Enlargements

17

(1)

The Accession of the UK

17

(1)

The Enlargements to the East

18

(2)

The Main Bodies of the European Union

20

(5)

Decision Making within the European Union

25

(4)

The Proposal or Consultative Procedure

25

(1)

The Cooperation Procedure

26

(1)

The Co-decision Procedure

27

(2)

The Question of Democracy

29

(7)

The Ideology of Economic Integration

36

(24)

Trade and Specialization

36

(8)

Ricardian Comparative Advantages

36

(3)

The Theory of Opportunity Costs

39

(2)

The Heckscher-Ohlin Theorem

41

(3)

Tariffs and Trade

44

(5)

The Fallacies of Equilibrium

49

(11)

Partial Equilibrium Theory

49

(1)

Empirical Evidence

49

(1)

Theoretical Indeterminacy

50

(3)

Verification

53

(1)

Ideology

54

(2)

General Equilibrium Theory

56

(4)

A Value Theory of European Economic Integration

60

(54)

Profits, Trade and Integration

60

(18)

The Illusions of the EC Treaty

78

(14)

From International Prices to Monetary Crises

92

(22)

International Prices

93

(7)

A Value Theory of Exchange Rates

100

(4)

Monetary Crises, the Euro and the Dominated Bloc

104

(10)

The Economic and Monetary Union

114

(30)

Old and New Imperialism

114

(3)

The Competitiveness of the European Union

117

(12)

The EU and International Competitiveness

118

(6)

The European Union's Competition Policy

124

(5)

The Economic and Monetary Union and the Euro

129

(15)

The Geo-politics of the Euro

144

(17)

Introduction

144

(1)

Dollarization and Seigniorage

145

(7)

Dollarization and Social Classes

152

(5)

The Euro and Dollarization

157

(4)

Trade, Development and Wars

161

(38)

The European Union and World Trade

161

(19)

GATT

161

(3)

The Kennedy Round (1963-67)

164

(1)

The Tokyo Round (1974-79)

165

(3)

The Uruguay Round (1986-93)

168

(3)

The World Trade Organization (1995)

171

(7)

The Place of the EU in World Trade

178

(2)

The European Union and Dependent Development

180

(10)

The European Union and the Common Defence Policy

190

(9)

The Common Agricultural Policy

199

(36)

Main Landmarks: Green Rates and Appropriation of Value

199

(13)

The Original System: 1962-68

201

(2)

The Agrimonetary System, 1969-71

203

(3)

The Agrimonetary System, 1971-79

206

(1)

The EMS, the ECU and the MCAs (1979-84)

207

(1)

The Switch-over Mechanism, 1984-92

207

(2)

The 1992 (MacSharry) Reform

209

(1)

The Single Market and the New Monetary Turbulences, 1992-93

209

(1)

The Present System

210

(2)

Agricultural Prices, Protectionism and World Hunger

212

(10)

International Prices and Food Appropriation

212

(4)

Losers and Winners

216

(2)

A Value Theory of Europe's Agricultural Protectionism

218

(4)

The Common Agricultural Policy and the Environment

222

(13)

The Declarations of Intent

222

(3)

The Cohesion Fund

225

(2)

Towards the Greening of the Common Agricultural Policy?

227

(8)

Social Policies

235

(23)

Destitution Amidst Wealth

235

(4)

The Union's Social Policy

239

(3)

The Poverty of Redistribution

242

(3)

Employment Policies

245

(2)

Regional Policies

247

(4)

Immigration Policies

251

(7)

Epilogue

258

(8)

Notes

266

(26)

Bibliography

292

(10)

Index

302

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For Another Europe Pa

Summary

Author Biography

Table of Contents

Supplemental Materials