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In The Maelstrom Of Crises: The European Union And The ‘Zeitenwende’

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  • Hubert Gabrisch

Abstract

This essay aims to promote discussion on fundamental reforms of the European Union (EU). Its thesis is that the global turning point triggered by multiple crises affects the entirety of the EU architecture and that reforms can therefore not be limited to piecemeal reforms in individual areas. Methodologically, the essay takes an ideology-critical approach with what is commonly referred to as “neoliberalism” at its centre. As a result, the essay draws a Union that gains its own sovereignty through democratic reforms in decisionmaking.

Suggested Citation

  • Hubert Gabrisch, 2023. "In The Maelstrom Of Crises: The European Union And The ‘Zeitenwende’," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(236), pages 7-27, January –.
    • Handle: RePEc:beo:journl:v:68:y:2023:i:236:p:7-27
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    References listed on IDEAS

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    3. Malte Dold & Tim Krieger, 2019. "The “New” Crisis of the Liberal Order: Populism, Socioeconomic Imbalances, and the Response of Contemporary Ordoliberalism," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 139(2–4), pages 243-258.
    4. Hubert Gabrisch, 2020. "Elements, origins and future of Great Transformations: Eastern Europe and global capitalism," The Economic and Labour Relations Review, , vol. 31(2), pages 172-190, June.
    5. Battiston, Stefano & Delli Gatti, Domenico & Gallegati, Mauro & Greenwald, Bruce & Stiglitz, Joseph E., 2012. "Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk," Journal of Economic Dynamics and Control, Elsevier, vol. 36(8), pages 1121-1141.
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    7. Pierucci, Eleonora & Ventura, Luigi, 2012. "International risk sharing and globalization," MPRA Paper 35869, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    European Union; neoliberalism; ordoliberalism; globalisation; reform.;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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