European Economics Update: Another Ten Theses on the Economic Integration

Abstract

These theses, in their enunciation and debate sound like: I. There are both “incipient” and “advanced” integration processes; II. Integration changes its outline; III. There is also the “second European economics”; IV. The Communitarz Agricultural Programme (CAP), as a “mettre à l’abîme” of the whole integration process; V. The national economies convergency reads the condition of the Union itself; VI. The EU budget might be a political stake; VII. The European Monetary System (EMS) is a... paradox; VIII. The public economy might be a “thorn in the unique market’s eye”; IX, Is the economic integration predestined to an unachieved strategy example?! X. Beyond all skepticism, it would be better out of the (need of) integration.

All of these above try to describe the picture of a half century process, in Europe. Plus, this tries to explain why Europe is different from the rest of the world, not necessarily more or less developed or well to do, as for a usual pattern.

Keywords: economic integration, incipient & advanced integration, European economics, European Monetary Sytem (EMS), Common Agricultural Policy (CAP), European type taxation, public economy

JEL Classification: E00, E52