Merits and Limits of Markets

  • Herbert Giersch
Conference proceedings

Part of the Publications of the Egon-Sohmen-Foundation book series (EGON-SOHMEN)

Table of contents

  1. Front Matter
    Pages i-x
  2. Individualism in a Social Context

  3. The Frontiers of Markets

  4. Normative Issues of Global Trade

    1. Front Matter
      Pages 209-209
    2. Dennis C. Mueller
      Pages 211-235
    3. Anne O. Krueger, Chonira E. Aturupane
      Pages 237-253
    4. Deepak Lal
      Pages 255-274
  5. Back Matter
    Pages 275-279

About these proceedings


The 1997 Symposium of the Egon-Sohmen-Foundation, which gave rise to this book, took place in the United States, on the East Coast between New Y C)rk and New Haven, more precisely in Stamford (Conn.). The original choice had been a place close to Yale University, where Egon Sohmen taught economics from 1958 to 1960, subsequent to his period at MIT. But the hotel in New Haven was closed down by a new owner-to pass through a process of creative destruction. Change of ownership-on a large scale and as a transition from public to private hands-had been the topic of the preceding Egon­ Sohmen-Symposium (in Budapest in 1996) published under the head­ ing: Privatization at the End of the Century (Springer-Verlag, 1997). Yet mere change of ownership, some of us at the Foundation felt in subsequent months, was too narrow a focus to properly deal with the movement under consideration: a transition of ownership together with a general move towards a competitive market system charac­ terized by global openness, uncertainty, decentralized risk-bearing, and the increasing importance of information and innovation.


Education Frontiers of Markets in Legal Services Global economy Individualism in a Social Context Normative Issues of Global Trade international trade issue philosophy

Editors and affiliations

  • Herbert Giersch
    • 1
  1. 1.Kiel Institute of World EconomicsKielGermany

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1998
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-72212-7
  • Online ISBN 978-3-642-72210-3
  • Buy this book on publisher's site