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 Can
the international economic and legal system survive today’s fractured geopolitics? Democracies are facing a drawn-out contest with authoritarian states that is entangling much of public policy with global security issues. In his
new book “Global Discord”, Paul Tucker
lays out principles for a sustainable system of international cooperation, showing how democracies can deal with China and other illiberal states without sacrificing their deepest political values. Drawing on three decades as a central banker and regulator,
Tucker applies these principles to the international monetary order, including the role of the U.S. dollar, trade and investment regimes, and the financial system. Combining history, economics, and political and legal philosophy, Tucker offers a new account
of international relations. Rejecting intellectual traditions that go back to Hobbes, Kant, and Grotius, and deploying instead ideas from David Hume, Bernard Williams, and modern mechanism-design economists, Tucker describes a new kind of political realism
that emphasizes power and interests without sidelining morality. Incentives must be aligned with values if institutions are to endure. The connecting tissue for a system of international cooperation, he writes, should be legitimacy, creating a world of concentric
circles in which we cooperate more with those with whom we share the most and whom we fear the least.
Join us on
Monday, 23 January 2023 for a talk with Sir Paul Tucker,
Harvard Kennedy School, followed by a Panel discussion and Q&A with the audience with
Prof. Karolina Milewicz, University of Bayreuth, Prof. Michael Waibel, University of Vienna, moderated by
Prof. Robert Holzmann, Governor, Oesterreichische Nationalbank.
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Date & Time:
Monday, 23 January 2023
• 17:00-18:30 CET
Venue: Oesterreichische Nationalbank, Otto Wagner-Platz 3, 1090 Vienna or Online via Webex
Register here
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Feel free to share this invitation with colleagues who might be interested to attend!
We look forward to your participation!
Yours sincerely,
SUERF Secretariat
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