Populist movements increasingly challenge liberal Western market democracies. Populism can be explained only in part by phenomena like globalization and digitization producing winners and losers in economic terms. Growing feelings of alienation from the market-democratic system and the perceived...

In diesem Diskussionspapier werden die Bedingungen untersucht, unter denen die Fähigkeit zu Innovation in einer marktwirtschaftlichen Ordnung zur Entfaltung kommt. Diese theoretische Leitfrage bildet den Kern eines neuen ordoliberalen Innovationsframeworks, welches speziell auf den...

For several decades, what has been called the "liberal cosmopolitan-minded urban elites" set the political agenda of Western democracies (Dold and Krieger 2019a). They aimed at personal freedom and upward social mobility by means of a meritocratic system that was safeguarded by a combination of...

This article examines the role of ideas, tradition, and economic history in the context of F. A. Hayek's theory of social knowledge. While Hayek often emphasized the beneficial consequences of unintended and spontaneous action, his accounts of the transmission of ideas within society identified...

Ordoliberalism and Keynesianism are not exactly known to fit hand in glove. Accordingly, the German economists Walter Eucken, head of the Freiburg school, and Wilhelm Röpke, from his Istanbul and Geneva exiles, were in near perfect agreement in their opposition to the interventionist "full...

In the 1950s, Jacques Rueff’s references to social order seem pretty clear: it is not a spontaneous phenomena. Although Rueff is generally seen as a liberal economist, this has prompted commentators to see in his approach something more artificial than Hayek’s own ideas on social order....

This article presents and discusses New Ordoliberalism, implemented though the introduction of Universal Basic Income, as such an alternative approach within economic policy to handle the global challenges of the 21th century, like increasing inequality. New Ordoliberalism develops the basic...

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...

James Buchanan would have celebrated his 100th birthday in 2019. This serves as an inspiration to look at the future of public choice and the question of how much normativity public choice can bear. In our analysis we draw parallels between public choice and German ordoliberalism (and its source...

The past few years have seen the opening of several antitrust investigations against some of the most dominant and powerful companies in the world – e.g., the U.S. Department of Justice, numerous states, and the Federal Trade Commission have sued Google, Facebook, and Amazon, and the E.U. has...

Homann's method is a sophisticated theoretical model. As a result, it contains a normative foundation upon which Homann bases his endeavor, as well as numerous conclusions following his positive analysis. We propose extensions to both the normative and positive aspects of Homann's theory in this...

What is the appropriate role of the state in economic policy-making? This paper shows that Friedrich Hayek, who is often considered a proponent of laissez-faire liberalism, offers three different answers to this problem. First, Hayek argues that the state should provide a legal framework for...

In the discussion about a universal basic income, the dimension of conditionality comes up frequently in the context of work requirements for social security policies. In these exchanges one aspect that comes up frequently is the costs of a universal social policy. In this article we apply a...

Walter Eucken was one of the main representatives of the Freiburg School of Law and Economics and German ‘neoliberalism’, also known as Ordoliberalism. This chapter portrays and analyses Eucken’s life and work as well as his Ordoliberal legacy. It begins by taking a closer look at...

The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...

Dies ist die Abtrittsvorlesung des Autors nach dreißigjähriger (1992-2022) Tätigkeit als Professor für Volkswirtschaftslehre an der TU Bergakademie Freiberg. Er will am Beispiel der Europäischen Währungsunion die wirtschafts- und politiktheoretische Fruchtbarkeit der aus seiner Sicht...

This paper analyses the early years of the history of the Bundesbank from a history of economic thought-perspective. The study uses the example of Bernhard Benning, who was heading the Economics Department of the Reichs-Kredit-Gesellschaft, one major banks owned by the German Reich during the...

Abstract: Meine Dissertation stellt eine historische Rekonstruktion der Krisenforschung der ordoliberalen Ökonomen Wilhelm Röpke, Walter Eucken und Friedrich A. Lutz in der Zwischenkriegszeit dar. Eine solche Rekonstruktion ist notwendig, da seit der Eurokrise im Jahre 2010 die Gefahr bestand,...

This paper provides, after a contextualizing introduction, the first-time translation of Walter Eucken’s presentation during the first session of the founding meeting of the Mont Pèlerin Society, April 1-10, 1947. Eucken was the only scholar based in Germany to attend the conference and took...

Was ist die Soziale Marktwirtschaft? Worauf baut sie auf und wie zukunftsoffen ist sie bezüglich der modernen globalen, ethischen und ökologischen Fragestellungen? Schaut man sich die Herausforderungen der Weltwirtschaft an, ist die Ordnungstheorie wichtiger denn je. Sie bestimmt unsere...

L’Europe a fait le choix du libéralisme à travers l’adoption d’un ordre économique et social : « l’économie sociale de marché ». Ce livre raconte l’histoire de ce choix décisif pour l’européanisation des sociétés. Du marché commun à l’euro, cette convergence...

For more than two centuries, liberal constitutionalists have championed the separation of powers as a means of constraining self-interested political activity that erodes personal freedom. Although F. A. Hayek values the separation of powers, he contends that it cannot safeguard individual...

This paper gives an interpretation of Michael Polanyi’s vision of government and economics as spanning between Hayek and Keynes. The influence of Hayek is manifested by his opposition to central planning and the defence of self-organization as a superior mechanism for coordinating individual...

This paper contextualizes the early political economy of Austrian economist and social philosopher F. A. Hayek in the intellectual milieu of German ordoliberalism. It argues that the particular urgency during the 1930s and 1940s to preserve and stabilize the disintegrating orders of economy and...

Should economic policy be guided by rules? In this paper, we take the perspective of the Freiburg School and trace its argument for rule-based Ordnungspolitik back to the roots of the concept. In doing so, will not offer a comprehensive review of the literature, but argue closely along the works...

Die Glücksspielregulierung der vergangenen 20 Jahre ist im Wesentlichen ein Lehrstück für politisches Versagen. Unter fortwährender Missachtung von Europa- und bisweilen auch Verfassungsrecht wurden zum einen Grundfreiheiten der Bürgerinnen und Bürger eingeschränkt, zum anderen gab es...

Diese Studie untersucht die Programme zur Bundestagswahl 2021 im Hinblick auf Maßnahmen, die die Rolle von privatem Eigentum in unserer Gesellschaft tangieren. Untersuchungsgegenstand sind die Wahlprogramme aller gegenwärtig im deutschen Bundestag vertretenen Parteien.

F.A Hayek is one of the most important and influential advocates of liberalism in the 20th century. His theory is famously based on the concept of spontaneous order, an order emerging from the interaction of individuals without central control and appears critical of every form of...