"Although Germany is having a good run at the moment, the general experience on the Continent over the past dozen years (and the dozen before that) has been limping, catch-up growth without indigenous innovations, low labor force participation, and low job satisfaction. Hans-Werner Sinn's book is essential for those who recognize the seriousness of the problem."
--Edmund S. Phelps, McVickar Professor of Political Economy and Director, Center on Capitalism and Society, Columbia University, and Nobel Laureate in Economic Sciences (2006)
"Hans-Werner Sinn is one of the leading European economists of his generation. He cares deeply about the contribution that economists can make to both economic and social policy, and he is clear and articulate in both his views and his writing. Agree with him or not, his contribution to the way Germans now see themselves is immense, and it is set out here with vigor, verve, and a persuasive force that is both highly readable and challenging to those he sees as trapped in the past."
--John Whalley, Professor and William G. Davis Chair in International Trade, University of Western Ontario
"Hans-Werner Sinn provides a well-written and well-reasoned diagnosis of Germany’s economic illness. Weaving together historical discussion and political analysis with a wealth of data, he separates sense from sophistry and elucidates the real choices that Germany faces to adjust its traditional welfare state so as to deal with its high rate of unemployment, its rapidly aging population, its unsustainable budget, and the 'withering east.' For those holding out hope for a painless solution, the news is not good, but Sinn's creative vision of a stronger, viable German economy is illuminating, not just for his country but for the many developed nations that confront similar dilemmas."
--Alan J. Auerbach, Director, Robert D. Burch Center for Tax Policy and Public Finance, University of California, Berkeley
"Finally, an economist who tells it like it is. This book belongs on the desks of every member of the German cabinet and every member of the German parliament."
--Hans-Olaf Henkel, Bank of America (former President of the Leibniz Association and former President of the Federation of German Industries)
"Germany needs a new attitude. In a time when the ifs and hows of reforms are greatly argued over, Professor Sinn and his book are dead right. With his knife-sharp analysis of the dire findings and clear instructions for action, he provides the way. Required reading."
--Heinrich von Pierer, former Chairman of the Supervisory Board, Siemens AG
"What Germany needs: unconventional ideas, creativity, openness, and the courage to address uncomfortable themes quickly and aggressively? Hans-Werner Sinn delivers all of this. Worth reading."
--Dieter Rampl, Chairman of the Board of Directors, UniCredit Group