Competition, Coordination and Diversity
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Competition, Coordination and Diversity

From the Firm to Economic Integration

Pascal Salin

Competition, or the freedom to enter into a market, contributes greatly to the differentiation of human activities and therefore to economic progress. This fascinating book highlights the similarities between human systems at both the micro and macro level, and demonstrates how competition can positively affect the economic workings of firms and countries.
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Chapter 9: Monetary union: pleading for another approach

Pascal Salin


The process of European unification has long been viewed as the replacement of existing nations by a single European super-state, consisting of existing nations. Pro-European activists have been skillful enough to raise the actual process of European unification to the status of a sacred myth that must not be disputed: Those who disagree with the process of integration are accused of not being “European.” But there are people who believe in individual liberty and who fear that this liberty would be threatened by an excessive centralization of power.

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