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Transaction Costs and Security Institutions : Unravelling the ESDP

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In Transaction Costs and Security Institutions Moritz Weiss explores the creation of European security institutions after the Cold War. He asks why the European Security and Defence Policy (ESDP) emerged so rapidly within the EU, rather than NATO. Weiss argues that transaction costs were the primary determinant of governments' institutional preferences. Facing the risks of opportunism and governance costs shaped different states' approaches to choosing which functional tasks to include and which institutional depth to promote. An examination of Germany, Great Britain and France demonstrates how each government strived to adjust ESDP to its transactions. In short, both the reduction of present costs and the limitation of future costs for the provision of European security triggered institution-building in the ESDP.

"This is an immensely ambitious book. Rejecting as inadequate and unconvincing realist, liberal-intergovernmentalist and constructivist approaches to ESDP, Weiss embraces political economy to argue that European states embarked on cooperation as a conscious exercise in reducing current and future transaction costs in the provision of collective security. Exhaustively researched and densely informed with social science theory, the book will be fiercely debated by scholars of both international relations and European integration."
- Jolyon Howorth, Visiting Professor of Political Science at Yale, USA and Jean Monnet Professor of European Politics ad personam and Emeritus Professor of European Studies at the University of Bath, UK

"One of the few theory-guided studies on EU defense cooperation and a major contribution to the literature…essential reading for students of European and international defense cooperation."
- Markus Jachtenfuchs, Professor of European and Global Governance, Hertie School of Governance, Berlin, Germany

"In this innovative study, Moritz Weiss applies the tools of transaction cost economics to the analysis of the changing security preferences of the most powerful European states in the decade following the end of the Cold War. The approach not only provides a compelling explanation for the overall emergence and design of the European Security and Defense Policy (ESDP) but also the particular form of military cooperation that ensued."
- James Davis, Professor of International Relations and Director of the Institute for Political Science, University of St. Gallen, Switzerland

"Combining theoretical rigor with empirical depth Transaction Costs and Security Institutions is a must for anyone interested in the complex history of the European Defence and Security Policy (ESDP)."
- Bernhard Zangl, Professor of Global Governance and Public Policy, Ludwig-Maximilans-University (LMU) Munich and Speaker of the Munich Center on Governance, Communication, Public Policy and Law (MCG), Germany
   
type book (English)
   
keywords
   
date of appearance 2011
publisher Palgrave Macmillan (Basingstoke)
series title Transformations of the State
ISBN 978-0-230-28012-0
page(s) 269
citation Weiss, M. (2011). Transaction Costs and Security Institutions: Unravelling the ESDP. Basingstoke: Palgrave Macmillan. - ISBN 978-0-230-28012-0.