Models of Capitalism in the European Union

Beáta Farkas is Professor and Head of the Institute of Finance and International Economic Relations at the University of Szeged, Hungary. She joined the university after obtaining degrees in both Law and Economics, and now holds a PhD in Economics. She was the founding Dean of the Faculty of Economics and Business Administration.

“The volume represents a powerful and constructive voice in the debate on modern economic systems … . Well-argued, well-written and well-presented, this monograph will be of interest to economists and political scientists as well as experts and analysts. Due to the rich selection of graphs, tables and figures, it will prove an invaluable source for lecturers to structure their lectures and for students, at undergraduate and graduate level, as a companion to a variety of modules across the field.” (Anna Visvizi, Yearbook of the Institute of East-Central Europe, Vol. 14 (4), 2016)

• Introduction.- PART I: Institutional Analysis in Economics.- 1. Institutions in the Economic Thought.- 2. The Models of Capitalism – Comparative Institutional Analyses.- PART II: Models of the Market Economy in the EU at the Threshold of the Global Financial and Economic Crisis of 2008.- 3. An Empirical Analysis of the Economic System.- 4. Models of Capitalism in the Enlarged EU.- PART III: Market Economies of the EU in the 2008 Global Crisis.- 5. Crisis-resistant Nordic Countries?.- 6. Different Development Paths in the North-Western Countries.- 7. The Search for a Way Out in the Mediterranean Countries.- 8. Crisis Management in the Central and Eastern European Member States.- PART IV: European Integration of the Varieties of Capitalism.- 9. Classification Based on the Driving Factors of the Crisis and the Models of Capitalism.- 10. Lessons to Learn from the Institutional Analysis.- 11. Models of Capitalismand the Future of the European Integration.