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German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10010528303
The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller-Armack (1966) has been a core element of growth,...
Persistent link: https://www.econbiz.de/10011611212
In the aftermath of the Eurozone crisis, a battle of ideas emerged over whether ordoliberalism is part of the cause or the solution of economic problems in Europe. While German ordoliberals argued that their policy proposals were largely ignored before, during and after the crisis, critics saw...
Persistent link: https://www.econbiz.de/10012405461
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...
Persistent link: https://www.econbiz.de/10014455539
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 In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world.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...
Persistent link: https://www.econbiz.de/10014304519
economics. The effects of rules and institutions and their working properties should be thoroughly analyzed empirically. The …, and is rooted in normative individualism. It provides a benchmark by which rules and institutions can be judged as …
Persistent link: https://www.econbiz.de/10014251970
Gender norms, i.e. the role of men and women in the society, are a fundamental channel through which culture may influence preferences for redistribution and public policies. We consider both cross-country and individual level evidence on this mechanism. We find that in countries that are...
Persistent link: https://www.econbiz.de/10012494850
contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency …
Persistent link: https://www.econbiz.de/10011721779
The experimental literature on preferences for redistribution has established that individual perceptions of what earning distributions are fair depend greatly on context. In this paper, we study an important and novel dimension of context: whether the choice to redistribute occurs before...
Persistent link: https://www.econbiz.de/10015371965
Because excessive specialization can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible...
Persistent link: https://www.econbiz.de/10015048370