27 April 2023
Can the international economic and legal system survive today’s fractured geopolitics? On Thursday, 27th of April, 5:30 PM- 7:30 PM (CET), five academics discuss at Hertie School. The discussion’s central question is inspired by Sir Paul Tuckers 2022 book ‘Global Discord: Values and Power in a Fractured World Order’.
Democracies are facing a drawn-out contest with authoritarian states that is entangling much of public policy with global security issues. In 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 US 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 instead deploying ideas from Hume, Williams and modern mechanism-design economists, Tucker describes a new kind of political realism that emphasises power and interests without sidelining morality. 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. (Princeton University Press)
The event will be held at Hertie School in Berlin (Friedrichstraße 180, 10117 Berlin, Room 3.32), registration for the in-person discussion is possible via https://www.hertie-school.org/en/events/event-detail/event/global-discord-values-and-power-in-a-fractured-world.