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The State, the Market, and the Euro.

Publication: Journal of Economic Issues
Publication Date: 01-MAR-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: The State, the Market, and the Euro.(Book Review)

Article Excerpt
The State, the Market, and the Euro, edited by Stephanie A. Bell and Edward J. Nell. Edward Elgar. 2003. ISBN 1843761564, $80.00. xiv + 202 pages.

The issues raised in this book are well indicated by the title, namely the roles of the State and of the market in the origins of money, and the relevance of debates over the nature, origin, and role of money for the euro. The chapters had their origins in a conference held at the New School in April 1999 (and those papers appear not to have been updated for publication as there is no mention of the actual experience of the euro and reference is made to just eleven members of the eurozone). The conference and the papers in this book are centered on a paper by Charles Goodhart on "The Two Concepts of Money: Implications for the Analysis of Optimal Currency Area," first published in the European Journal of Political Economy in 1998,...

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