Money, Trade, and Competition

1. Front Matter

   Pages i-x

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2. Introduction

   1. Introduction

      • Friedrich Schneider

      Pages 1-7

3. Money and Exchange Rates

   1. Front Matter

      Pages 9-9

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   2. Free Minting

      • Charles P. Kindleberger

      Pages 11-22

   3. Profitable Currency Speculation: Service to Users or Destabilizing?

      • Herbert G. Grubel

      Pages 23-37

   4. Flexible Exchange Rates and Insulation: A Reexamination

      • Joachim Fels

      Pages 39-57

   5. An Institutional-Economic Analysis of the Louvre Accord

      • Rudolf Richter, Udo Schmidt-Mohr

      Pages 59-86

   6. The German Monetary Union

      • Harmen Lehment

      Pages 87-103

   7. Financial Liberalization in Developing Countries

      • Bela Balassa

      Pages 105-121

4. International Trade

   1. Front Matter

      Pages 123-123

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   2. Fiscal Policy and the Theory of International Trade

      • Robert Mundell

      Pages 125-149

   3. Wage Agreements and Optimal International Factor Flows

      • Stephen T. Easton, Ronald W. Jones

      Pages 151-165

   4. Protection and Exchange Rates

      • John S. Chipman

      Pages 167-199

   5. Aggressive Unilateralism

      • Jagdish Bhagwati

      Pages 201-231

   6. Theory and Practice of Commercial Policy: 1945–1990

      • Anne O. Krueger

      Pages 233-252

5. Competition

   1. Front Matter

      Pages 253-253

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   2. Welfare Economics, Economic Order, and Competition

      • Manfred E. Streit

      Pages 255-278

   3. Competition and Economic Growth: The Lessons of East Asia

      • Wolfgang Kasper

      Pages 279-304

6. Back Matter

   Pages 305-306

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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.

• Developing Countries
• East Asia
• Exchange rates
• Geldpolitik
• Geldtheorie
• International trade
• Internationaler Handel
• Monetary policy
• Monetary theory
• Wechselkurse
• Wettbewerb
• competition

• Kiel Institute of World Economics, Kiel 1, Germany

  Herbert Giersch

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