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Abstract Presents a transaction‐based theory of European integration and contrasts it with alternative theories of neofunctionalism and intergovernmentalism. It defines key concepts of the theory, discusses causal relationships between variables, and derives some hypotheses about how European integration proceeds. It then sketches out the structure of the entire book and how the contributory chapters fit together. A concluding section clarifies the differences between the transaction‐based theory and intergovernmentalist theories of integration.
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