Benn Steil

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Benn Steil
Alma materWharton School of the University of Pennsylvania
Nuffield College, Oxford

Benn Steil is an American economist and writer.[1] He was educated at Nuffield College, Oxford and at the Wharton School of the University of Pennsylvania. Steil is the senior fellow and director of international economics at the Council on Foreign Relations. He is the founder and editor of the journal International Finance. He has been awarded the Hayek Prize and the Spear's Book Award.


Steil enjoyed a Lloyd's of London Tercentenary Research Fellowship at Nuffield College, Oxford, where he received his MPhil and DPhil (PhD) in economics. He also holds a BSc in economics summa cum laude from the Wharton School of the University of Pennsylvania.

Steil has written influential works on finance and economics.[2] He is the editor of the journal International Finance.[1] He is also Director of International Economics at the Council on Foreign Relations.[1]

Steil considers that monetary nationalism and globalization is a dangerous combination and recommends that in order to safely globalize the world must "abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn".[3] He was also an early advocate of automated trading systems for stock exchanges as a cheaper way for companies to raise fresh capital.[4]

Steil and coauthor Manuel Hinds were awarded the 2010 Hayek Prize from the Manhattan Institute for Policy Research for their work, Money, Markets and Sovereignty.[5] He also received the 2013 Spear's Book Award in Financial History for The Battle of Bretton Woods.[6] In a Wall Street Journal review of The Battle of Bretton Woods, James Grant wrote that Steil "is a talented storyteller. If, perhaps, he lingers too long over just how [Harry Dexter] White's bad thinking differed from Keynes's bad thinking, or why the State Department was mad at the Treasury Department, and vice versa, he more than compensates with the nontechnical fluency of his economic narrative and the engrossing portraits of his two principal characters".[7]

Awards and honors[edit]


  • The Marshall Plan: Dawn of the Cold War (2018) ISBN 1501102370[9]
  • The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order (2013)[10][11]
  • Money, Markets and Sovereignty (2009, with Manuel Hinds)[10][11]
  • Financial Statecraft: The Role of Financial Markets in American Foreign Policy (2006, with Robert E. Litan)[10][11]


  1. ^ a b c "Executive profile of Dr. Benn Steil". Business Week. Retrieved 25 July 2014.
  2. ^ Irwin, Neil (14 March 2013). "An interview with Benn Steil". Washington Post.
  3. ^ Steil, Benn (May–June 2007). "The End of National Currency". Foreign Affairs. 86 (3). Council on Foreign Relations. pp. 83–96. ISSN 0015-7120. Archived from the original on 2007-05-12. Retrieved 2009-02-02.
  4. ^ "Capital gains". The Economist. 8 Feb 2001.
  5. ^ "The Manhattan Institute's 2010 Hayek Prize Awarded to Steil & Hinds: Defenders of Economic Liberalism" (PDF). Manhattan Institute for Policy Research. Retrieved July 29, 2014.
  6. ^ "Benn Steil Wins the 2013 Spear's Book Award". Princeton University Press. Retrieved July 29, 2014.
  7. ^ Grant, James (March 15, 2013). "A fateful meeting that shaped the world". Wall Street Journal. Retrieved July 29, 2014.
  8. ^ Jennifer Schuessler (March 11, 2019). "Scholar of the Marshall Plan Wins American History Book Prize". The New York Times. Retrieved March 15, 2019.
  9. ^ "The Marshall Plan: Dawn of the Cold War: Benn Steil: 9781501102370: Books".
  10. ^ a b c "Dr. Benn Steil". King World News. Archived from the original on 6 July 2013. Retrieved 25 July 2014.
  11. ^ a b c "Benn Steil". Council on Foreign Relations. Retrieved 25 July 2014.

External links[edit]