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The Politics of Economic Activity$
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Andy Smith

Print publication date: 2016

Print ISBN-13: 9780198788157

Published to Oxford Scholarship Online: October 2016

DOI: 10.1093/acprof:oso/9780198788157.001.0001

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Does the EU Make a Difference?

Does the EU Make a Difference?

(p.91) 4 Does the EU Make a Difference?
The Politics of Economic Activity

Andy Smith

Oxford University Press

In addressing the question of the extent to which the EU makes a difference to economic activity within and without its borders, chapter 4 questions the Freedom–Security relationship firstly over the pricing of pharmaceuticals and secondly around the regulation of inter-firm competition. The first case highlights how although the Freedom of large medicine manufacturers still tends to dominate EU government of this industry, calls for change in pricing practice are currently gaining more traction thanks to renewed definitions of Security that frequently take support from the value of Equality. Indeed, contrasting definitions of the latter—either as equal access for producers or as an egalitarian principle—also feature strongly in recent conflicts within neoliberalism that have split the makers and implementers of EU competition policy. The chapter as a whole thus shows that, the EU and its member states currently face a number of unresolved dilemmas about value hierarchization.

Keywords:   European Union, pharmaceuticals, competition policy, neo-liberalism, ordoliberalism, Chicago School of law and economics

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