Adam Tooze Co-Director of ISS; article in Foreign Affairs

August 29, 2012

As of the Fall 2012 semester, Prof. Adam Tooze is now serving alongside Prof. Paul Kenendy as ISS’s co-Director. Prof. Tooze’s bio can be found on our People page.

Prof. Tooze has an article in the October 2012 issue of Foriegn Affairs, Germany’s Unsustainable Growth: Austerity Now, Stagnation Later. Summary: Germany seems like Europe’s lone island of fiscal stability, but trouble lurks under its impressive export-fueled growth. An obsession with debt and austerity has blocked domestic investment as the country has ignored problems such as a shrinking work force and outdated infrastructure. Germany needs to borrow and spend more or face the end of its economic miracle. Full article can be read here.