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Perspectives on the Performance of the Continental Economies
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Perspectives on the Performance of the Continental Economies

Edmund S. Phelps and Hans-Werner Sinn

Abstract

Economists disagree on what ails the economies of continental western Europe, which are widely perceived to be underperforming in terms of productivity and other metrics. Is it some deficiency in their economic system—in economic institutions or cultural attitudes? Is it some effect of their welfare systems of social insurance and assistance? Or are these systems healthy enough but weighed down by adverse market conditions? In this book, economists test out various explanations for Europe’s economic underperformance against real-world data. The chapters, written from widely varying perspective ... More

Keywords: continental western Europe, productivity, economic system, economic institutions, cultural attitudes, welfare systems, social insurance, market conditions, economic underperformance, job satisfaction

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780262015318
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262015318.001.0001

Authors

Affiliations are at time of print publication.

Edmund S. Phelps, editor

Hans-Werner Sinn, editor

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