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<p><b>1.</b><b>        Introduction</b><br/></p> <p><b>2.      European public goods in the neo-medieval model of governance. </b><b>10</b><b></b></p> <p>Theory of public goods. 12</p> <p>What are public goods?. 13</p> <p>Externalities and the role of state. 15</p> <p>Problems in the provision of public goods. 17</p> <p>European public goods. 20</p> <p>Neo-medieval paradigm.. 22Problems of neo-medievalism.. 27</p> <p>Neo-medieval provision of European public goods?. 29</p> <p>Conclusion. 33</p> <p><b>3.      The European Union as a Republic. </b><b>35</b><b></b></p> <p>Public goods in the European context 36</p> <p>Governing externalities. 37</p> <p>The Concept of the Republic. 42</p> <p>Historic roots. 42</p> <p>The Republic and the State. 43</p> <p>The Logic of Public Goods. 45</p> <p>Public goods, Republics and Citizenship. 46</p> <p>Incentive Structures for the provision of </p>public goods. 48<p></p> <p>The Euro and the European Republic. 51</p> <p>Democracy and the Principal-Agent Relationship. 53</p> <p>State and Republic. 53</p> <p>The Sovereignty of the Citizens against the Power of the State?. 55</p> <p>The Federal Order of the Republic. 59</p> <p>Conclusion. 63</p> <p><b>4.      On paradigms and public goods:  Has the crisis changed the economic paradigm of EMU?  </b><b>65</b><b></b></p> <p>The crisis and the Euro Area’s dominant paradigm.. 65</p> <p>Studying policy paradigms. 68</p> <p>Ideas and paradigms in the study of policy-making. 68</p> <p>The three orders of policy change. 70</p> <p>The policy paradigm of ‘stable money and sound finances’ 74</p> <p>Stable money. 74</p> <p>Sound finances. 76</p> <p>The separation of monetary and fiscal policy. 78</p> <p>Major responses to the Euro Area crisis: within or beyond EMU’s paradigm?. 79</p> <p>The case of EMU fiscal surveillance reform.. 79&</p>lt; <p></p><p>The case of the ECB’s non-standard monetary policy measures. 82</p> <p>Conclusion. 87</p> <p><b>5.      Principals and Agents in European Democracy. </b><b>91</b><b></b></p> <p>The Pre-crisis Discussion about the Democratic Deficit of the European Union. 92</p> <p>Discussing Europe — The Standard Version of the Democratic Deficit 92</p> <p>Examining the Deadlock between Majone, Moravcsik and Hix. 93</p> <p>Discussion of the Deadlock. 96</p> <p>Applying the principal-agent Model to the Debate on Democratic Deficit 97</p> <p>Explaining the Principle-Agent Model 97</p> <p>Benefits and Costs Associated with Member States Delegation to Supranational Agents. 98</p> <p>What does principal-agent theory tell us about the EU’s Democratic Deficit?. 99</p> <p>Reforms in the Lisbon Treaty. 102</p> <p>What does Pollack say about the European Parliament?. 103</p> <p>Delegation and Legitimacy – the Principals’ Perception and the Centrality of </p>the Public Discourse  106<p></p> <p>Institutional discourses in the European Union. 107</p> <p>The Discussion about the Democratic Deficit after the Lisbon Treaty. 108</p> <p>‘The Euro Crisis’ or ‘how member states took the power away from the people’ 111</p> <p>The European Union and the Erosion of the Permissive Consensus. 113</p> <p>Europe and its Political Response to the Euro Crisis. 114</p> <p>Conclusion: Outlining the Agency Slack. 121</p> <p>Conclusion. 124</p> <p><b>6.      Why Does EU Governance Change?. </b><b>131</b></p> <p>The Frame Of Integration. 133</p> <p>Economic Causes For Governance Problems. 133</p> <p>Economically Adequate Governance. 135</p> <p>Explaining integration. 138</p> <p>Exogenous Shocks. 139</p> <p>Endogenous Efforts. 141</p> <p>The Public Goods Approach in a Nutshell 144</p> <p>Two Crises That Shook The EU.. 146</p> <p>Testing the theory. 146</p> <p>Make The Approach Visible &Selecting Cases. 14</p>7 <p></p><p>Case Studies. 149</p> <p>Synthesis. 171</p> <p>Conclusion. 173</p> <p><b>7.      The ASEAN Economic Community (AEC) As A Public Good. </b><b>174</b><b></b></p> <p>Background of ASEAN Integration. 175</p> <p>From Political to Economic Cooperation. 175</p> <p>The ASEAN Economic Community. 177</p> <p>ASEAN Way. 180</p> <p>ASEAN’s Potential 183</p> <p>The AEC as a Public Good. 184</p> <p>Obstacles to ASEAN Economic Integration. 187</p> <p>Increasing Externalities. 187</p> <p>Different Marginal Benefits and Costs. 192</p> <p>Developmental Gaps and the Lack of Leadership or a Redistributive Mechanism.. 196</p> <p>No Mechanism for Preference Revelation. 199</p> <p>Strengthening ASEAN Institutions for the Better Governance of ASEAN Public Goods. 200</p> <p>Central Level or Voluntary Cooperation?. 200</p> <p>The Case for Increased Institutionalisation. 202</p> <p>New Procedural Rules for ASEAN?. 205</p> <p><b>8.</b><b>   </b></p>;     <b>Bibliography</b><b>. </b><b>209</b><b></b><p></p> <p> </p>

Stefan Collignon is a professor of political economy at Sant’Anna School of Advanced Studies, Pisa, at which he founded the Asia Forum, and the London School of Economics, UK. He has previously taught at Harvard University and Hamburg University. Further to this, Stefan Collignon held the role of Deputy Director General for Europe in the German Federal Ministry for Finance, and has published several books and journal articles over his career.<br/><p></p>

<p>Brings a new economic argument to current research discourse on the merits of a new European Republic</p><p>Suggests a new approach to the ongoing political, social, and economic crisis of the European Union</p><p>Introduces an innovative and coherent approach at a critical time following the Euro crisis and Brexit</p><p>Includes supplementary material: sn.pub/extras</p>

Brings a new economic argument to current research discourse on the merits of a new European Republic<div>Suggests a new approach to the ongoing political, social, and economic crisis of the European Union</div><div>Introduces an innovative and coherent approach at a critical time following the Euro crisis and Brexit</div>

“Stefan Collignon has put together an excellent set of essays around the theme of the desirability and legitimacy of public goods provision by the EU.  This is an important contribution to the new debate about European integration, and more specifically the conditions under which the EU could take significant steps forward in deeper economic and political integration.” (Simon Hix, Harold Laski Professor of Political Science, Department of Government, London School of Economics and Political Science, UK) <p>“This book is a fundamental reading to reconnect to the real purposes of supranational governance and to counter the gloom and doom approach to the future of Europe with a more positive and optimistic message.” (Professor Leila Simona Talani, Professor of International Political Economy, King’s College London, UK)</p> <p>“There is a real need for a volume like this.  As rational beings, we all crave a range of public goods.  Where does Europe fit in to their most effective attainment?  How can such an approach help to explain what has been achieved and what hasn’t?  Forget the talk of ‘After Europe’, this volume asks the basic questions afresh and offers greater clarity.” (Kevin Featherstone, Eleftherios Venizelos Professor of Contemporary Greek Studies and Director of the Hellenic Observatory, London School of Economics, UK)</p>