From Club to Commons: Enlargement, Reform and Sustainability in European Integration

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Veronica Anghel (European University Institute) Erik Jones (European University Institute)

From Club to Commons

Enlargement, Reform and Sustainability in European Integration

Veronica Anghel (European University Institute), Erik Jones (European University Institute)

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English

Cambridge University Press
20 November 2025

Economic theory & philosophy; Macroeconomics; Monetary economics

Series: Elements in Economics of European Integration

Summary
Details

The Element identifies the logic of how the European Union (EU) has developed both in terms of the way the organization works and the way it has expanded to include new member states. It combines insights from the economic theories related to clubs and common-pool resources. The argument is that the EU may have started as a club, where members agreed to lose arrangements to generate and govern non-rivalrous goods from which only they could benefit, but it quickly evolved into a system of common-pool resources, where members have to manage rivalrous goods, the access to which cannot easily be refused to outsiders. That evolution was necessary to avoid the depletion of the goods EU member states depend on. The argument is illustrated through the evolution of the single market, the single currency, the single financial space, and security. This title is also available as Open Access on Cambridge Core.

By: Veronica Anghel (European University Institute), Erik Jones (European University Institute)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Weight: 271g
ISBN: 9781009499200
ISBN 10: 1009499203
Series: Elements in Economics of European Integration
Pages: 92
Publication Date: 20 November 2025
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active