“A History” of European economic theories since 1989

at the University of Vienna ther is a German contemporary historian, cultural scientist and university professor Philipp .

His latest academic journey is narrate as what one may call a compelling read.

The book description reads:

“In Eastern Europe the year 1989 the economic theories of Reagan,Thatcher, and the Chicago School achieved global dominance brought the fall of the Berlin Wall and the collapse of communism .

And it was these neo-liberal thoughts that largely describe the course of the economic, political, and social changes that reconstruct Europe—both east and west—over the next quarter century. This award-winning book gives the first extensive history of post-1989 Europe.”

Philipp to many of the transformations ther is a firsthand witness,from Czechoslovakia during the Velvet Revolution to post-communist Poland and Ukraine. In this book he offers a sweeping narrative filled with brilliant details and memorable stories. He describes how former Soviet Bloc countries had got calamitous effects by liberalization, deregulation, and privatization.

He had denied with the idea that this economic “shock therapy” was the basis of later growth, arguing that human capital and the “transformation from below” decisive economic success or failure.

Most importantly,he shows how the capitalist West’s impact to transmute
the shape of Eastern Europe in its own likeness which ended-up reshaping Western Europe also, in part by participating the pace and scope of neoliberal reforms in the West, specially in reunified Germany.

There compares events in Eastern and Southern Europe leading up to and following the 2008–2009 global financial crisis. Finally, bringing the story up to the display,

A fascinating and often-amazing account of how the new order of the New Europe was constructed from the chaotic aftermath of the Cold War, this is very important reading for considerable Europe today.

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