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Book synopsis

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.

Book details

Book category Books in English Economics, finance, business & management Economics International economics

• Full title: Merits and Limits of Markets
• Author: Herbert Giersch
• Language: English
• Binding: Paperback
• Number of pages: 279
• EAN: 9783642722127
• ISBN: 3642722121
• ID: 07018366
• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Weight: 452 g
• Dimensions: 235 × 155 × 19 mm
• Date of publishing: 28. January 2012

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