Excerpt
Excerpt
April 7, 2023, Video: “Paul Tucker will be sharing his new book, Global Discord: Values and Power in a Fractured World Order, which considers the geopolitics and legitimacy of the international economic and legal system. The book develops an analysis of the history and future of the international order from the perspective of incentives-values compatibility, that is, the connection between self-enforcing equilibria and history-dependent legitimation principles. Using this framework, the book identifies vulnerabilities and design flaws in today’s international monetary order, trade system, investment order, and international financial system.”