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Benn Steil
Benn Steil
Education	BSc Wharton School of the University of Pennsylvania; MPhil, DPhil Nuffield College, Oxford
Occupation(s)	Economist, ; Writer
Employer	Council on Foreign Relations
Title	Senior Fellow and Director of International Economics

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.^[2] He has been awarded the New-York Historical Society’s Prize for best book on American history, the American Academy of Diplomacy’s Douglas Dillon Book Prize, the Hayek Book Prize, and the Spear’s Book Prize in Financial History.

Career

Benn Steil is senior fellow and director of international economics^[3] at the Council on Foreign Relations in New York. He is the lead writer of the Council’s Geo-Graphics economics blog, and the creator of nine web-based interactives tracking Global Monetary Policy, Global Inflation, Global Imbalances, Global Growth, Global Trade, Global Energy, Sovereign Risk, China’s Belt and Road, and Central Bank Currency Swaps.^[3] Prior to his joining the Council in 1999, he was director of the International Economics Programme at the Royal Institute of International Affairs (Chatham House) in London. He came to the Institute in 1992 from 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.

Dr. Steil has written and spoken widely on international finance, monetary policy, financial markets, and economic and diplomatic history. He has testified before the U.S. House, Senate, and CFTC, and is a regular op-ed writer and commentator on CNBC. His most recent book, The World That Wasn't: Henry Wallace and the Fate of the American Century, published in January 2024, was named as FT Best Summer History Book. Presidential Historian Richard Norton Smith called it "riveting," and "timely." The Wall Street Journal declared it "definitive," and Publishers Weekly called it "meticulous," "vivid," and "rewarding." His previous book, The Marshall Plan: Dawn of the Cold War, won the New-York Historical Society’s 2019 Barbara and David Zalaznick Prize for best work on American history, won the American Academy of Diplomacy’s 2018 Douglas Dillon Prize, won the Honorable Mention (runner-up) for the 2019 ASEEES Marshall D. Shulman Prize, was shortlisted for the Duff Cooper Prize, and is ranked number 3 among BookAuthority’s Best Diplomacy Books of All Time. Paul Kennedy in the Wall Street Journal called the book “brilliant,” the New York Times called it “trenchant and timely,” the Financial Times called it “elegant in style and impressive in insights,” and the Christian Science Monitor called it a “gripping, complex, and critically important story that is told with clarity and precision.” His earlier The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order, won the 2013 Spear’s Book Award in Financial History, took third prize in CFR’s 2014 Arthur Ross Book Award competition, was shortlisted for the 2014 Lionel Gelber Prize (“the world’s most important prize for non-fiction,” according to The Economist), and was the top book-of-the-year choice in Bloomberg’s 2013 poll of global policymakers and CEOs. The Financial Times called the book “a triumph of economic and diplomatic history,” the Wall Street Journal called it “a superb history,” the New York Times called it “the gold standard on its subject,” and Bloomberg’s Tom Keene called it “the publishing event of the season.” An earlier book, Money, Markets, and Sovereignty, won the 2010 Hayek Book Prize.

Awards and honors

2018 - American Academy of Diplomacy’s Douglas Dillon Prize, winner for The Marshall Plan.^[4]
2018 - Barbara and David Zalaznick Book Prize in American History, winner for The Marshall Plan.^[5]
2013 - Spear's Book Prize in Financial History, winner for The Battle of Bretton Woods.^[6]
2010 - Hayek Book Prize, winner for Money, Markets, and Sovereignty.^[7]

Works

The World That Wasn't: Henry Wallace and the Fate of the American Century (2024) ISBN 1982127821
The Marshall Plan: Dawn of the Cold War (2018) ISBN 1501102370
The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order (2013)^[8]^[9]
Money, Markets and Sovereignty (2009, with Manuel Hinds)^[8]^[9]
Financial Statecraft: The Role of Financial Markets in American Foreign Policy (2006, with Robert E. Litan)^[8]^[9]