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Herbert Gunter GRUBEL


Herbert Gunter GRUBEL, German economist in the field of International Economics; Domestic Monetary and Fiscal Theory; Welfare, Health & Education. Executive Committee, Canadian Economie Association, 1974-1977; President N. American Economics Studies Association, 1980-1981.


GRUBEL, Herbert Gunter was born in 1934 in Frankfurt-am-Main, Germany.


Abitur Germany, 1954. Bachelor of Arts Rutgers University, 1958. Doctor of Philosophy Yale University, 1962.


Assistant Instructor, Yale University, 1961-1962. Assistant Professor, Stanford University, 1962-1963. Assistant Professor, University Chicago, 1963-1966.

Association Professor, University Pennsylvania, 1966-1970. Research Fellow, American National University, 1969. Policy Analyst, United States Treasury Department, 1971.

Visiting Research Fellow, Nuffield College Oxford, 1974-1975. Visiting Professor, University Nairobi, Kenya, 1978-1979. University Cape Town, S. Africa, 1984.

Professor of Economics, Simon Fraser University, Vancouver, British Columbia, Canada, since 1972. Association Ed, Journal of Finance, 1972^4. Editorial Board, Fraser Institute, Institution, since 1975.


  • Executive Committee, Canadian Economie Association, 1974-1977. President N. American Economics Studies Association, 1980-1981.



After my thesis work on forward exchange models, I wrote The International Monetary System, which has gone through four editions. It represents the only existing attempt to construct a price-theoretic model of an efficient international monetary system and to use it for an evaluation of theoretical prototypes and historical experiences. In later years I have occupied myself with empirical studies which have had important implications for received theory and current policy issues. These studies covered brain drain (human capital migration), intra-industry trade (trade in differentiated products), international capital flow (diversified portfolios, taxation), effective tariff protection, moral hazard effects (insurance induced unemployment), free economic zones (partial deregulation), and multinational banking.

My text International Economics contains a comprehensive neoclassical treatment of international trade and finance.