We propose a model of food allocation in an economy in which property rights exist in human beings. We assume that a slave-owner allocates food over the slave's lifetime so as to maximise his own wealth. The slave's productive capacity is determined endogenously by food consumption. Food...

Rules for the Global Economy is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these...

In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable...