50 Years of the German Mark: Essays in Honour of Stephen F. Frowen

50 Years of the German Mark: Essays in Honour of Stephen F. Frowen

50 Years of the German Mark: Essays in Honour of Stephen F. Frowen

50 Years of the German Mark: Essays in Honour of Stephen F. Frowen


This timely collection presents an authoritative overview of one of the three key currencies of the second half of the twentieth century, the German Mark. Charles A.E.Goodhart reflects on the future of the Euro against the background of the success story of the Deutsche Mark. Hans Tietmeyer reviews the 50 years lifetime of the German Mark, pointing out that the Bundesbank will continue to have a say within the European Central Bank. In particular he emphasizes the vital part of the Deutsche Mark as cornerstone of the so-called Social Market Economy in postwar Germany.


Charles A. E. Goodhart

One of the trivial statements, purported facts, from perusing the Press, that sticks in my mind is that, if you assume the continuation of present trends in mortality, then the expectation of life of every white American baby girl born after the year 2000 AD will be over 100 years. We used to worry what people would do to fill up their added life span. In the case of American women, Alexander Graham Bell's useful invention resolved that problem, just as Rupert Murdoch's Sky Sports relieves all such worries for British men.

Be that as it may, the choice between work and leisure is little understood, perhaps little studied, by economists. Large segments of society, including our own academic community, are working harder and more hours now than we would have done 20 or 40 years ago, and that is so despite an income level that is much higher in real terms, even if we academics are racing down the comparative income ladder with a speed reminiscent of the clergy's relative decline in the previous century.

Professor Stephen Frowen

Is all this extra work voluntary, or compelled? In the case of Stephen Frowen, it is patently voluntary. In the last three years, and since reaching the age of 72, he has jointly edited no less than five books, with one of these published in June 1998, entitled Inside the Bundesbank; he has contributed seven chapters to some of these and to other books, and completed four journal and discussion papers, the last of which, a discussion paper from the Birmingham University's Institute for German Studies, Stephen sent to me a month ago. Stephen's energy is phenomenal. I think that I first met him in 1975, when as a senior lecturer at the University of Surrey he organized the

Search by... Author
Show... All Results Primary Sources Peer-reviewed


An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.