Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/22662
Autoria: Mortágua, Mariana
Data: Mai-2021
Título próprio: The Euro at 22: Economic crisis and political instability
Título e número da coleção: 2021-04
Referência bibliográfica: Mortágua, M. (2021). The Euro at 22: Economic crisis and political instability (WP n.º 2021/04). DINÂMIA'CET-Iscte. http://hdl.handle.net/10071/22662
DOI (Digital Object Identifier): 10.15847/dinamiacet-iul.wp.2021.04
Palavras-chave: Neoliberalism
European integration
Economic and Monetary Union
Resumo: This paper discusses the origins and institutional evolution of the European Monetary Union (EMU) in the light of two theoretical frameworks: the liberal federation proposed by Hayek and Robbins in the first half of the 20th century and the still prevailing neoclassical macroeconomic consensus. It is argued that before existing as Euro, the common currency was already a neoliberal project, in the sense of an ideal space for elevating market rules to a unique and definitive form of social and economic order. This neoliberal construction was technically legitimized by a neoclassical economic theory founded on wrong epistemological principles, which prevented a correct understanding of the economic and social challenges faced by the Eurozone. The result is a crisis prone configuration that will keep endangering EMU’s political and economic stability.
Arbitragem científica: yes
Acesso: Acesso Aberto
Aparece nas coleções:DINÂMIA'CET-WP - Working papers com arbitragem científica

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