Herbert G. Grubel occupies the David Somerville Chair in Taxation and Finance at The Fraser Institute, and is Professor of Economics (Emeritus) at Simon Fraser University in Vancouver, BC, Canada. He has a B.A. from Rutgers University and a Ph.D. in economics from Yale University. He has taught full-time at Stanford University, the University of Chicago, and the University of Pennsylvania; and has had temporary appointments at universities in Berlin, Singapore, Cape Town, Nairobi, Oxford, and Canberra. Herbert Grubel was the Reform Party Member of Parliament for Capilano-Howe Sound from 1993 to 1997, serving as the Finance Critic from 1995 to 1997. He has published 16 books and 180 professional articles in economics dealing with international trade and finance and a wide range of economic policy issues. His recent research interests include capital gains taxation and monetary union.