I had a hunch what I was about to getting into when I saw "Ludwig von Mises Institute" on the cover page of the book. After reading it, I felt vindicated. The whole book is an Austrian school-centric monologue on history of EMU and the dissection of euro crisis: First, the well accepted supranational vs. intergovernmental visions of EU are interpreted in a drastically different fashion through Austrian ideology of socialism vs. liberalism. Furthermore, the author shows strong Austrian-style contempt on fiat money and institutions that print it, including ECB, as well as modern fractional-reserve banks. The flip side of that contempt is the nostalgia for "good-old" gold standard. Biased and misleading opinions are everywhere in this book. Cost benefit analysis of Euro becomes cost-only analysis for northern Germanic countries and benefit-only analysis for southern Latin countries. Germany did sacrifice D-Mark for French support of reunification. But depicting it as the solo reason of Germany giving up D-Mark is misleading. Misleading or not, the author clearly wins favors from his fellow eurosceptics in Germany with those conspiracy theories. On top of all shortcomings, the book failed miserably in the examination of the euro crisis. The doctrinated explanation -- again, through Austrian school framework -- of banks failure, sovereign default risk of periphery countries doesn't provide much valuable insights on either the causes or solutions to the euro crisis. Part of the information in the book is also outdated, especially regarding the differences between Fed and ECB. Much has changed since the great recession. Thus, it requires extra reading to understand current monetary policy implementation of Fed and ECB. If only I could get my time and money back...
A eurosceptic's narrative on Euro
《欧元的悲剧》热门书评
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欧元不需要设计
10有用 0无用 Reuenthal 2014-03-31
热爱赤字财政的政客们在推行政策的时候,必须得到资金的保障。为了获得源源不断的资金,他们所能采取的最佳手段就是垄断货币的供应,然后开动印钞机,偷偷的引发通货膨胀。欧洲各国竞相通胀的结果就是货币贬值、汇率浮动。但是,采取保守政策的德国马克没有参与通胀竞赛,从而获得了市场的青睐,成为欧洲通胀的“刹车器”。...
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欧罗巴的大锅饭
4有用 0无用 卓 2014-05-11
自从组织上推行O元,欧洲人民吃上了大锅饭,德意志和另外几个村的劳动力天天出工又出力,欧罗巴南边的几个村出工不出力还总拿集体的公粮,然后就是要粗事啦。[讲的差不多就是这么个事儿吧我觉得]...
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说实话 不知道
0有用 4无用 小夕 2013-12-22
!!!! 不知道怎么样 貌似很牛 期待啦啦啦啦啦啦啦啦啦啦 啦啦啦啦啦啦啦阿啦啦啦啦啦 刷屏!!!!!!!!!1请问wqqwwwwq哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇qqqqqqqqqqqqqqqqqqqqqqq去哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇哇rrr...
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写短评 一不小心字数就超了...
0有用 0无用 淡定的但丁 2016-08-24
作者是奥地利学派 大分析框架也就用的奥地利学派的经济周期理论 繁荣时期的信贷扩张造成不良投资激增,需要等到萧条时期市场清算恢复。但政府又奉行干预主义,阻止了市场的自行修复过程,赤字的上升更加剧了风险。 本书核心思想和精华是:由于欧...
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A eurosceptic's narrative on Euro
0有用 0无用 skyhook 2017-03-04
I had a hunch what I was about to getting into when I saw "Ludwig von Mises Institute" on the cover page of the book. After reading it, I felt vindica...
书名: 欧元的悲剧
作者: [德] 菲利普·巴格斯
出版社: 上海财经大学出版社
原作名: Tragedy of the Euro
译者: 李杨
出版年: 2013-7-6
页数: 222
定价: 39
装帧: 平装
丛书: 汇添富基金·世界资本经典译丛
ISBN: 9787564216887