
Ashoka Mody, “Eurotragedy: A Drama in Nine Acts” (Oxford UP, 2018)
06/08/18 • 79 min
For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since.
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For decades the implementation of a single European currency was seen by its advocates as a vital step in the post-World War II movement toward greater European integration. As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro a key factor in the continent’s ongoing economic problems. First proposed by French leaders in the 1960s, the idea of a single European currency was viewed by them as a way of shoring up their presence in the global economy. Though German politicians and bankers were initially resistant to implementing such a currency, this changed during the chancellorship of Helmut Kohl. As he grappled with the resistance to German reunification at the end of the Cold War, Kohl embraced the single currency as a symbol of Germany’s commitment to European cooperation and over the course of the 1990s he shepherded its creation over the objections of economists and growing popular discontent with the idea. These concerns proved prescient in the years following the euro’s introduction in 1999, as the single currency deprived participating nations of the ability to employ devaluation as a national response to global competition, creating added economic issues that have sharpened political tensions throughout the continent ever since.
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A. James McAdams, “Vanguard of the Revolution: The Global Idea of the Communist Party” (Princeton UP, 2017)
Is there a difference between the Communist Party as an idea and the Communist Party in practice? A. James McAdams thinks so and takes the global approach to history to write a political and intellectual history of the Communist party. In Vanguard of the Revolution: The Global Idea of the Communist Party (Princeton University Press, 2017), he urges us to think of the party in practice and not simply think of communism as an idea detached from the workings of a political party. He starts with the writing of The Communist Manifesto and tracks the major communist parties that changed the course of the 20th century. We talk global history, Marx, the idea of world revolution, and the longevity of ideas.
James McAdams is the William M. Scholl Professor of International Affairs and Director of the Nanovic Institute for European Studies. He has written widely on European, especially central European, affairs. His books include East Germany and Detente, Germany Divided, Judging the Past in Unified Germany, and The Crisis of Modern Times.
Nadirah Mansour is a graduate student at Princeton University’s Department of Near Eastern Studies working on the global intellectual history of the Arabic-language press. She tweets @NAMansour26 and produces another Middle-East and North Africa-related podcast: Reintroducing.
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Next Episode

Odd Arne Westad, “The Cold War: A World History” (Basic Books, 2017)
There have been many histories and treatments of the Cold War, few however have the breath, range and definitiveness of Harvard Professor Odd Arne Westad’s new take on the subject: The Cold War: A World History (Basic Books, 2017). In a book which takes the reader from the economic crisis of the 1890’s to the present-day, Professor Westad delineates a history of the Cold War unlike any in the past. In The Cold War, Westad gives the reader a new perspective on a century when great power rivalry and ideological battles transformed every part of the globe. From Europe and North America to the Third World, The Cold War achieves a broadness in its coverage which has yet to be equaled. Based upon a mountain of primary and secondary source research, Professor Westad’s book has set a new standard of scholarship in the field of Cold War studies. All from a past winner of the Bancroft award.
Charles Coutinho holds a doctorate in history from New York University. Where he studied with Tony Judt, Stewart Stehlin and McGeorge Bundy. His Ph. D. dissertation was on Anglo-American relations in the run-up to the Suez Crisis of 1956. His area of specialization is 19th and 20th-century European, American diplomatic and political history. It you have a recent title to suggest for a podcast, please send an e-mail to [email protected].
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