May 1, 2005

Political issues

21st Century Socialism.

by Tobias Schwarz

As all of Germany seems to engage either in market or Marx bashing these days, I thought it is time to add my two cents to the debate - and I’ll do it with the help of the US Europhile Jeremy Rifkin, who gave the “Stuttgarter Nachrichten” an interview about an old book of his, [...]

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December 25, 2004

Currencies

The World As Optimum Currency Area?

by Tobias Schwarz

I was a little surprised to read in the Christmas edition of the Frankfurter Allgemeine Sonntagszeitung (not yet online, subscription wall, in German) that Robert Mundell seems to have changed his mind. In his seminal 1961 paper about monetary integration, he famously stated that “the optimum currency area is not the world”. Now it appears [...]

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