Horst Siebert
Encyclopedia
Horst Siebert was a German
economist
. He was a member of the German Council of Economic Experts
from 1990 to 2003. Seibert also served as a member of both the Group of Economic Analysis (GEA) and the Group of Economic Policy Analysis (GEPA), a number of "European economists who advise the European Commission’s president." From 2002 to 2004, as a member of GEA, he advised EU President Romano Prodi
. From 2005 to 2007, as a member of GEPA, he advised EU President Jose Manuel Barroso Siebert spent most of his academic career at the University of Kiel
, where he held the chair for economic theory from 1989 to 2003.
A native of Neuwied
, Rhineland-Palatinate
, Siebert studied economics at the University of Cologne
(1959–1963), while also studying, and undertaking research in, economics at Wesleyan University
(1960–1961). He earned his doctorate
degree in economics from the University of Münster
in 1965.
Siebert was appointed to the chair of economics and foreign trade at the University of Mannheim
in 1969. He left in 1984 for the chair of economic relations at the University of Konstanz
. Five years later, Siebert was appointed to the chair of economic theory at the University of Kiel
. He was awarded the Ludwig-Erhard Prize in 1999, the Bundesverdienstkreuz
in 2004, the Hayek Prize for excellence in economic writing in 2007.
In his book entitled Der Kobra-Effekt. Wie man Irrwege der Wirtschaftspolitik vermeidet, he illustrated the causes of perverse incentive
s in economy and politics in referring to the so-called cobra effect
. His other publications include: The German Economy, Beyond the Social Market (2005); The World Economy. A Global Analysis (2007, 3rd edition); Einführung in die Volkswirtschaftslehre, co-author (2007); Economics of the Environment: Theory and Policy (2008, 7th revised edition; 2001 in Chinese); Rules for the Global Economy (2009). Seibert reportedly was a frequent contributor to academic journals and other publications. His seminal book, World Economics (1999, reprinted in 2000, 2nd edition 2002), "offered a new global perspective on international economic structures and processes."
He was a visiting scholar at The Australian National University, European University Institute
, Harvard University
, Massachusetts Institute of Technology
(MIT), New York University
, and the University of California
, among other institutions. He held the Heinz Nixdorf Chair in European Integration and Economic Policy at Johns Hopkins University
's Paul H. Nitze School of Advanced International Studies
, Bologna Center. Seibert also served as President of the Kiel Institute for World Economics from 1989 to 2003.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He was a member of the German Council of Economic Experts
German Council of Economic Experts
The German Council of Economic Experts or ' is a group of economists set up in 1963 to advise the German government and Parliament on economic policy issues. Every year the Council prepares the annual report which is published before or by November 15...
from 1990 to 2003. Seibert also served as a member of both the Group of Economic Analysis (GEA) and the Group of Economic Policy Analysis (GEPA), a number of "European economists who advise the European Commission’s president." From 2002 to 2004, as a member of GEA, he advised EU President Romano Prodi
Romano Prodi
Romano Prodi is an Italian politician and statesman. He served as the Prime Minister of Italy, from 17 May 1996 to 21 October 1998 and from 17 May 2006 to 8 May 2008...
. From 2005 to 2007, as a member of GEPA, he advised EU President Jose Manuel Barroso Siebert spent most of his academic career at the University of Kiel
University of Kiel
The University of Kiel is a university in the city of Kiel, Germany. It was founded in 1665 as the Academia Holsatorum Chiloniensis by Christian Albert, Duke of Holstein-Gottorp and has approximately 23,000 students today...
, where he held the chair for economic theory from 1989 to 2003.
A native of Neuwied
Neuwied
Neuwied is a town in the north of the German state of Rhineland-Palatinate, capital of the District of Neuwied. Neuwied lies on the right bank of the Rhine, 12 km northwest of Koblenz, on the railway from Frankfurt am Main to Cologne...
, Rhineland-Palatinate
Rhineland-Palatinate
Rhineland-Palatinate is one of the 16 states of the Federal Republic of Germany. It has an area of and about four million inhabitants. The capital is Mainz. English speakers also commonly refer to the state by its German name, Rheinland-Pfalz ....
, Siebert studied economics at the University of Cologne
University of Cologne
The University of Cologne is one of the oldest universities in Europe and, with over 44,000 students, one of the largest universities in Germany. The university is part of the Deutsche Forschungsgemeinschaft, an association of Germany's leading research universities...
(1959–1963), while also studying, and undertaking research in, economics at Wesleyan University
Wesleyan University
Wesleyan University is a private liberal arts college founded in 1831 and located in Middletown, Connecticut. According to the Carnegie Foundation for the Advancement of Teaching, Wesleyan is the only Baccalaureate College in the nation that emphasizes undergraduate instruction in the arts and...
(1960–1961). He earned his doctorate
Doctorate
A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
degree in economics from the University of Münster
University of Münster
The University of Münster is a public university located in the city of Münster, North Rhine-Westphalia in Germany. The WWU is part of the Deutsche Forschungsgemeinschaft, a society of Germany's leading research universities...
in 1965.
Siebert was appointed to the chair of economics and foreign trade at the University of Mannheim
University of Mannheim
The University of Mannheim is one of the younger German universities. It offers Bachelor, Master, and PhD degrees.The University is mainly located in Mannheim’s palace the largest baroque palace in Germany. The whole city center of Mannheim is aligned symmetrically to the palace.About 800 scholars...
in 1969. He left in 1984 for the chair of economic relations at the University of Konstanz
University of Konstanz
The University of Konstanz is a university in the city of Konstanz in Baden-Württemberg, Germany. It was founded in 1966, and the main campus on the Gießberg was opened in 1972. As one of nine German Excellence Universities today University of Konstanz is counted among Germany's most prestigious...
. Five years later, Siebert was appointed to the chair of economic theory at the University of Kiel
University of Kiel
The University of Kiel is a university in the city of Kiel, Germany. It was founded in 1665 as the Academia Holsatorum Chiloniensis by Christian Albert, Duke of Holstein-Gottorp and has approximately 23,000 students today...
. He was awarded the Ludwig-Erhard Prize in 1999, the Bundesverdienstkreuz
Bundesverdienstkreuz
The Order of Merit of the Federal Republic of Germany is the only general state decoration of the Federal Republic of Germany. It has existed since 7 September 1951, and between 3,000 and 5,200 awards are given every year across all classes...
in 2004, the Hayek Prize for excellence in economic writing in 2007.
In his book entitled Der Kobra-Effekt. Wie man Irrwege der Wirtschaftspolitik vermeidet, he illustrated the causes of perverse incentive
Perverse incentive
A perverse incentive is an incentive that has an unintended and undesirable result which is contrary to the interests of the incentive makers. Perverse incentives are a type of unintended consequences.- Examples :...
s in economy and politics in referring to the so-called cobra effect
Cobra effect
The cobra effect is where a solution for solving a problem could actually make it worse. The term is used to illustrate the causes of wrong stimulation in economy and politics. There is also a book with the same title by Horst Siebert , German economist and professor.-Origin:The term 'Cobra effect'...
. His other publications include: The German Economy, Beyond the Social Market (2005); The World Economy. A Global Analysis (2007, 3rd edition); Einführung in die Volkswirtschaftslehre, co-author (2007); Economics of the Environment: Theory and Policy (2008, 7th revised edition; 2001 in Chinese); Rules for the Global Economy (2009). Seibert reportedly was a frequent contributor to academic journals and other publications. His seminal book, World Economics (1999, reprinted in 2000, 2nd edition 2002), "offered a new global perspective on international economic structures and processes."
He was a visiting scholar at The Australian National University, European University Institute
European University Institute
The European University Institute ' in Florence is an international postgraduate and post-doctoral teaching and research institute established by European Union member states to contribute to cultural and scientific development in the social sciences, in a European perspective...
, Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
(MIT), New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
, and the University of California
University of California
The University of California is a public university system in the U.S. state of California. Under the California Master Plan for Higher Education, the University of California is a part of the state's three-tier public higher education system, which also includes the California State University...
, among other institutions. He held the Heinz Nixdorf Chair in European Integration and Economic Policy at Johns Hopkins University
Johns Hopkins University
The Johns Hopkins University, commonly referred to as Johns Hopkins, JHU, or simply Hopkins, is a private research university based in Baltimore, Maryland, United States...
's Paul H. Nitze School of Advanced International Studies
Paul H. Nitze School of Advanced International Studies
The Paul H. Nitze School of Advanced International Studies , a division of Johns Hopkins University based in Washington, D.C., is one of the world's leading and most prestigious graduate schools devoted to the study of international affairs, economics, diplomacy, and policy research and...
, Bologna Center. Seibert also served as President of the Kiel Institute for World Economics from 1989 to 2003.