The Political Economy of the Common Agricultural Policy: Coordinated Capitalism or Bureaucratic Monster?

The Political Economy of the Common Agricultural Policy: Coordinated Capitalism or Bureaucratic Monster?

by Fernando Collantes
The Political Economy of the Common Agricultural Policy: Coordinated Capitalism or Bureaucratic Monster?

The Political Economy of the Common Agricultural Policy: Coordinated Capitalism or Bureaucratic Monster?

by Fernando Collantes

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Overview

What is the balance of the European Union’s Common Agricultural Policy more than half a century after its birth? Does it illustrate the virtues of the European model of coordinated capitalism, as opposed to US-style liberal capitalism? Or is it an incoherent set of instruments that exert diverse negative impacts and, like Frankenstein’s monster, seems to have escaped the control of its designers?

The Political Economy of the Common Agricultural Policy does not criticize the CAP from the liberal standpoint that views most public interventions in the economy as bad for efficiency and welfare. The CAP has been costly to Europeans, both as consumers and as taxpayers, and has also generated a number of negative impacts upon third countries, but these costs and impacts have been more moderate than is suggested. This book proposes that the issue with the CAP is not a generic problem of coordinating capitalism but, instead, a more specific problem of low-quality coordination. The text argues that profound reform of the European Union’s institutions and policies is required to counter the rapid rise of a more Eurosceptical state of mind but – in the case of agricultural policy – history casts serious doubts on the capacity of the European network of agriculture-related politicians to lead such a reform.

This key work is essential reading for researchers, graduate students, and master’s level docents of the Common Agricultural Policy and – more broadly – European Union policy and reform.


Product Details

ISBN-13: 9781000055436
Publisher: Taylor & Francis
Publication date: 03/19/2020
Sold by: Barnes & Noble
Format: eBook
Pages: 126
File size: 1 MB

About the Author

Fernando Collantes is an Associate Professor of Socio-Economic History at the University of Oviedo, Spain. He has published widely on rural development and food systems from a historical perspective. He currently serves as a trustee of the Spanish Economic History Association.

Table of Contents

(0) Introduction (1) The “European model of agriculture" on trial (2) What is the CAP about? (3) The monster myth (4) An even greater myth: coordinated agrarian capitalism (5) The political back room (6) Epilogue: A story to be continued?
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