Welcome to the UCL European Institute, UCL's hub for research, collaboration and information on Europe and the European Union.

Contact us

16 Taviton St
London
WC1H 0BW
+44 (0) 207 679 8737
european.institute@ucl.ac.uk

How to find us >>

trans32.pngtrans32.pngtrans32.pngtrans32.png

COMMENTS 

Defining a new political contract for the EU

The EU is faced with the challenges of fashioning practices and institutions that reconcile the conflicting demands on political representatives from their international partners and their domestic constituents. This has been particularly manifest in the eurozone recently, but it reflects a deeper challenge which also concerns non euro-area members such as the UK.
Prof Albert Weale (UCL SPP)
19 March 2015 More...

Starts: Mar 19, 2015 12:00:00 AM

Don’t let the Paris murderers win

Professor Laborde warns against the reactivist response to the Paris murders: they misunderstand the role played by free speech and by laïcité. Further, they allow criminals to set the term of the debate on how to better facilitate Muslim integration if France.
Professor Cécile Laborde
26 February 2015 More...

Starts: Feb 26, 2015 12:00:00 AM

Britain and EU reform

Piet Eeckhout revisits the question of EU reform, including different options for and legal as well as political constraints of such reform.
Professor Piet Eeckhout
20 January 2015 More...

Starts: Jan 20, 2015 12:00:00 AM

Green Social Democracy

Publication date: Feb 13, 2013 05:15 PM

Start: Feb 12, 2013 09:00 AM

Michael Jacobs

Prof Michael Jacobs
February 2013

Despite its worthy motives, social market philosophy provides neither a useful analytical framework for understanding modern capitalism, nor the policy tools to address our present economic and social predicament.  The concept of ‘market failure’, with its underlying assumption of market equilibrium, does not capture the systemically adverse outcomes of collective market forces.  A more sophisticated understanding of capitalist economies, and the societies in which they exist, would recognise that the market economy is a dynamic but not self-regulating system.  It is embedded in, and impacts on, four other economies – of the natural environment, of family and care, of voluntary association, and of the public sector – which operate under different motivations and allocative principles.  The role of government is central, to balance the values created by different kinds of institutions and to constrain the dynamic impacts of market forces.  A number of policy conclusions are offered arising from this framework.

Biography: Michael Jacobs is Visiting Professor in the Department of Political Science / School of Public Policy at University College London and Co-Editor of The Political Quarterly.

Acknowledgements: Fabian Society