"With his customary energy and directness, Hans-Werner Sinn in this important book rethinks the origins of the current dangerous weakness in the Eurozone, and considers possible repairs. He sees through the immediate financial complexity to the deeper underlying problems that have to be resolved. One of these is that in a monetary union without a common fiscal policy the central bank is driven to de facto fiscal actions. Another is that the peripheral countries suffer not merely from an overhang of debt but from a lasting need for real devaluation, with the loss of income it entails. Not everyone will agree with the remedies Sinn proposes, but then he forces them, if they are serious, to come up with genuine alternatives. Sinn is a heavyweight." - Robert M. Solow, MIT
Offers a radical reinterpretation of the practical macroeconomics of the Keynesian period and reassesses the role of Milton Friedman in the development of macroeconomics in the second half of the twentieth century.
"In Towards a Better Global Economy, a team of prominent economists reports on the longer-term implications of major global developmentsparticularly the fundamental economic forces that are shifting the center of gravity of the global economy toward Asiafor average citizens around the world. Their research shows that the politics, rules, and institutions of cooperation among nations have not kept up with the demands from citizens for changes in the global political order and suggests that unorthodox policies for promoting growth should play a greater role in lower-income countries." - Justin Yifu Lin, Peking University
Author(s): Franklin Allen, Jere R. Behrman, Nancy Birdsall, Shahrokh Fardoust, Dani Rodrik, Andrew Steer, and Arvind Subramanian
Publisher: Oxford University Press