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Crises and policy responses within the political trilemma: Europe, 1929–36 and 2008–11
2012
European Review of History
The recent debate on the Eurozone failed to appreciate a particular characteristic of European crisis experiences, namely their fundamentally political character. To make my argument, I borrow from Dani Rodrik (2000) the framework of a "political trilemma" between cross-border economic integration, national institutions and democracy (in the sense of mass politics) and discuss its relation to the more commonly known "macroeconomic trilemma" as well as some limitations of the framework. The
doi:10.1080/13507486.2012.741113
fatcat:zwzfrejmbre7xfedf6gqigqi6q