Chapter One examines the role of institutions in governingcapitalist systems. Chapter Two explores the evolution of the EU'sliberal ambition over the last five decades. Subsequent chaptersthen analyse the development of EU policy in relation to thegovernance of product, financial and labour markets. What sort ofrestructuring has it sought to achieve? How great a challenge do EUpolicies present to national practices? How effective have been itsstrategies of Europeanisation? In short, to what extent has iteffected a liberal transformation in the institutional governanceof European capitalism?At issue are fundamental questionsconcerning the power and status of nation-states in the context ofthe most ambitious experiment in co-operative regional integrationyet witnessed.