Rules for the Global Economy - Softcover

Über die Autorin bzw. den Autor

Horst Siebert (1938-2009) was the Heinz Nixdorf Professor in European Integration and Economic Policy at Johns Hopkins University's SAIS Bologna Center in Italy. His books include The World Economy, Economics of the Environment, and The German Economy (Princeton).

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"Interactions among countries are mediated by rules. Examples include the rules for trade, the flow of finance, financial stability, the environment, and human rights. Siebert's new book not only explains what these regulations are, but why they exist and, more importantly, why they change over time. The perspective taken by the book is as simple as it is powerful: rules evolve to reduce transactions costs. Siebert has written an intellectually exciting and wise book--a guide for devising the rules needed to address many of today's great challenges."--Scott Barrett, Columbia University

"This brilliant exposition by a leading economist explains why globalization requires global rules. The author's argument is based on the German school of liberalism that emphasizes the need for the state to provide standards for the proper working of a market economy."--André Sapir, Université Libre de Bruxelles

"Officials who are tasked with translating the G-20 aspirations into new rules will greatly benefit from Siebert's sound analysis. The rest of us can use Siebert as a guide to distinguish between rules that genuinely answer the needs of our new era and fluffy wisps in the sky."--from the foreword by Gary Hufbauer, Peterson Institute for International Economics

"This is an iconoclastic and interesting work. Arguing that a rules-based interaction among global players is critical for achieving the gains promised by globalization, Siebert applies this notion to each of the major areas of the international system. The book's arguments are consistent and relevant for policy, especially with respect to trade and the environment."--Ingo Walter, New York University