Which Way Goes Capitalism? : In Search of Adequate Policies in a Dramatically Changing World

Intro -- 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 Behaviours -- IV. 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 Us -- IV. 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 Union -- IV. Challenges for the New Member States -- V. Concluding Remarks -- References -- Chapter 7. The EU Budget Review: Managing Diversity for a Growing EU -- I. Introduction.