EUnomics and Competition Strategy

Abstract

EUnomics is a term I use to denote the art of devising Economic Strategies for European Cohesion. The practice ofthis art, as I envisage it, is based on three tenets: 1. Economic Policy is a strimgle to find one ’s way through chãos to a desired ohiective. It was Schumpeter’s view that any policy application has to allow for the unique historie situation in which it is to be applied. The economic situations pertaining in early XXIst century Europe are not only unique but are constantly taking on a new twist. We may well look on them as chaotic. 2. The desired objective is to achieve the cohesion ofEurope ’s widely disparate economies- not through the diktat ofuniform policies initiated and administered by a centralised bureaucracy. Rather it needs to be achieved through the ever renewedly voluntary development of coordinated approaches to dealing with specific situations as they emerge from the morass of previous mistakes.