The unification of Germany is one of the most wrenching and dramatic transitions in ecomic history. A policy issue of worldwide interest, it holds key lessons for the remaining post-socialist ecomies. In Jumpstart two well-kwn German ecomists synthesize a vast body of literature to present the first well-structured, clearly argued analytical account of the reunification process and the policy alternatives. The Sinns' authoritative and primarily ntechnical account will Interest nspecialists who want to keep up with ecomic events. Their summary of the German experience with radical reform will provide a valuable reference for specialists in transition ecomics.Contrary to fears that German reunification would bring on a resurgence of nationalism, the Sinns point out, It has met with apathy and indifference. Nonetheless, a great deal is at stake in the battle for redistribution, and the present ecomic chaos poses a serious threat to social stability.The Sinns suggest a social pact between labor and management that could put an end to the struggle over distribution and speed up the transformation of the former East German communist ecomy into a market ecomy. The core of this pact is a shift In emphasis from factor prices to the fundamental Issues of compensation and the distribution of real wealth.Gerlinde Sinn was formerly Lecturer in the Department of Statistics at Dortmund University and in the Department of Ecomics at Mannheim University. Hans-Werner Sinn is Director of the Center for Ecomic Studies at University of Munich.
Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich and President of the CESIfo Group. Author of Can Germany Be Saved? The Malaise of the World's First Welfare State (MIT Press) and other books, he is former president of the International Institute of Public Finance, and former chairman of the German Economic Association.