Professor Hans-Werner Sinn was born in 1948 in the German city Brake. He studied economics at the University of Münster (1972) and obtained a Doctorate from the University Mannheim (1978), where he habilitated in 1983. Since 1984, Sinn allied his academic career with Munich’s Ludwig-Maximilians-Universität, on which he operates until now at the department of economics and public finance. He had previously been a Professor at the University of Western Ontario in Canada for two years (1978/1979 1984-1985), a visiting professor at the London School of Economics, at the Universities of Bergen, Princeton and Jerusalem. Since 1988 he is active as a researcher at the National Bureau of Economic Research in the United States.
Prof. Sinn is one of the most respected German economists, as evidenced by the fact that from 1997 to 2000 he was chairman of the German Economic Association (Verein für Socialpolitik) – a society of German-speaking economists. His professional public activity in the field of economic policy is associated in recent years, especially with the Ifo-Institute at the University of Munich, where Sinn was president from 1999 to 2016. Under his leadership, he managed to make the Institute one of the most prominent European research organizations. In the years 2006-2009 Sinn was president of the International Institute of Public Finance, and later became its honorary president. Since 1989 he is a member of the Scientific Council of the Federal Ministry of Economy, moreover is also a member of the Bavarian Academy of Sciences, the European Academy of Sciences and Arts of many other professional societies.
In the field of economic research prof. Sinn is seen as a generalist in macroeconomics. At the beginning of his research career, he focused on theory of risk. In recent years, his research interests focused on areas of social systems, economic aspects of climate change, especially the topic of European economic integration and common European currency. One of his main credits is uncovering the mechanisms of the Eurozone crisis, which he sees in the excessive deficit of the current account of payment balance.
During his rich scientific career he published over 140 scientific articles, including over 80 texts in leading international journals, including an American Economic Review, Journal of Public Economics, or Quarterly Journal of Economics. His publications met with great success. Sinn belongs to the most cited German scientists (for example, according to IDEAS database he is currently listed as the second most cited German economist, in SSCI database he is among the five most quoted German economists). Professor Sinn is appreciated by academic and wider public with many of his often ground-breaking publications on current economic and political issues. Sinn published a total of 11 large monographs (translated into many languages), and 17 smaller publications that greatly influenced the economic and political practice.
His book ‘Ist Deutschland noch zu Retten? “(2003) intervened significantly in public debate about the direction of German economic policy, as well as the government’s Agenda 2020. This book, with more than 100 thousand copies sold, became one of the bestselling books in the public policy in history. His next books, “Die Basarökonomie” (2005), “Der Kasino-Kapitalismus ” (2009) and “The Euro Trap: On Bursting Bubbles, Budgets, and Beliefs” (2014) aroused great international interest and won numerous professional and literary awards.
Professor Hans-Werner Sinn has received a wide range of awards and prizes for his activity in the field of economic theory and advisory in economic policy. He has been conferred with honorary doctorates from universities in Magdeburg (1999), Helsinki (2011) and Handelshochschule in Leipzig (2013). He is an honorary professor at the University of Vienna (1988), among others holder of Ludwig Erhard Preis (2013), State Medal for Special Services to the Bavarian economy (2012), Europe Prize from the University of Maastricht (2008), the Bavarian Maximilian Order for Science and Art (2008), Gustav Stolper’s Preis (2008), he is also holder of the 1st Class Cross of the Federal Republic of Germany (2005) and others.
More information can be found at:
- Sinn, H. W. 2014. The Euro Trap. On Bursting Bubbles, Budgets and Beliefs, Oxford University Press: Oxford.
- Sinn, H. W. 2012. The Green Paradox, MIT Press: Cambridge, Massachusetts.
- Sinn, H. W. 2012. Casino Capitalism: How the Financial Crisis Came about and What Needs to Be Done Now?, Oxford University Press: Oxford.
- Sinn, H. W. 2007. Can Germany be Saved? The Malaise of the World’s First Welfare State, MIT Press: Cambridge, Massachusetts.
- Sinn, H. W. 1992. Jumpstart. The Economic Unification of Germany, MIT Press: Cambridge, Massachusetts, and London, England.
- Sinn, H. W. 1983. Economic Decisions under Uncertainty, North Holland: Amsterdam, New York und Oxford.