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he illustrated the causes of perverse incentives in economy and politics in referring to the so-called cobra effect. His other publications include: The German Economy, Beyond the Social Market (2005); The World Economy. A Global Analysis (2007, 3rd edition); Einführung in die Volkswirtschaftslehre, co-author (2007); Economics of the Environment: Theory and Policy (2008, 7th revised edition; 2001 in Chinese); Rules for the Global Economy (2009). Siebert reportedly

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