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Few established European democracies have undergone as much change as Italy in recent years, and here is a book that explores precisely what has been achieved from a public choice perspective. The book pays particular attention to, among others, the introduction of the EURO, the reform of voting from proportional to majoritarian rule, and the switch from a highly centralized government to a federal organization.Using a public choice perspective, this book explains the evolution and political and economic impact of recent changes to the Italian institutional framework. Because these changes are so numerous and broad, their implementation serves as a case study for other Western governments. Particular attention is paid to the introduction of the EURO, the reform of voting from proportional to majoritarian rule, the impact of corporatism, constraints imposed by the Maastricht Treaty, and the switch from a highly centralized government to a federal organization.