Abstract
There appears to be very little controversy now among economists about the proposition that institutions do matter to the performance of market economies and the international economy generally. Unresolved is how much they do matter and what kind of institutions matter most. I congratulate the Konstanz conference organizers for providing a forum for the discussion of these issues. They deserve much more attention than they are getting from the vast establishment of North American researchers that is preoccupied with the formalization of economic knowledge.
Useful comments on the first draft were made by Tom Borcherding, Rodney Grey, Helmut Hesse and the participants at the symposium.
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Grubel, H.G. (1989). Does The World Need a GATT for Services?. In: Vosgerau, HJ. (eds) New Institutional Arrangements for the World Economy. Studies in International Economics and Institutions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83647-3_16
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DOI: https://doi.org/10.1007/978-3-642-83647-3_16
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