Money, Trade, and Competition: Essays in Memory of Egon Sohmen (Publications of the Egon-Sohmen-Foundation) - Hardcover

Hardcover

ISBN 10: 3540551255 ISBN 13: 9783540551256

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K, 1992

Synopsis

On June 1, 1990, Egon Sohmen would have reached the age of 60 had he not suffered from a fatal illness. It demanded his death at the early age of 46. If he were still with us, he would playa prominent role in the current debate on monetary arrangements and on allocation theory, perhaps in- cluding environmental issues and urban economics. His contributions are well remembered by his colleagues and friends, by his former students, and by many in the economics profession on both sides of the Atlantic. In extrapolating his great achievements as a scholar and teacher beyond the time of his death, one is inclined to suppose that Egon Sohmen's name would figure high on many a list of candidates for honors and awards in the field of international economics. For the reconstruction of economics in the German language area Egon Sohmen was invaluable. Born in Linz (Austria), he studied in Vienna at the Business School (Hochschule fUr Welthandel, now Wirtscha!tsuniversitiit), then went to the US as a Fulbright scholar (1953), returned to Europe to take his doctorate in Tiibingen, Germany, (1954) and crossed the Atlantic again to teach at MIT (1955-58) where he obtained a Ph. D. (1958) under Charlie Kindleberger. He might have stayed permanently in the US, con- tinuing a career that he started as Assistant Professor at Yale University (1958-61), if the US visa provisions had been applied in a more liberal fashion.

About this title

Product Description

Hard to Find book

Synopsis

This volume examines key aspects of international economictheory and policy. Six papers deal with money and exchangerates. They discuss historical evidence on free banking, thequestion whether speculation in foreign exchange markets isstabilizing or destabilizing, the insulation properties offlexible exchange rates, the economics of the Louvre Accord,some basic issues of the German Monetary Union and themerits offinancial liberalization in developing countries.Five papers deal with international trade. They focus on theintegration of fiscal policy into thetheory ofinternational trade, theoretical aspects of internationalfactor flows, the relation between trade restrictions andexchange rates, the recent shift of the United States? tradepolicy toward agressive unilateralism and the theory andpractice of commercial policies since 1945. Of the remainingtwo papers, one discusses basic concepts of welfareeconomies while the other reassesses the vital link betweencompetition and economic growth. The contributors includeinternationally renowned scholars.

The volume is dedicatedto the memory of Egon Sohmen, who was one of the prominentearly advocates of flexible exchange rates.

Edition details

• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
• Publication date: 1992
• Language: English
• ISBN 10: 3540551255
• ISBN 13: 9783540551256
• Binding: Hardcover
• Number of pages: 304
• Editor: Giersch Herbert