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We describe and compare the experiences of academic exclusion of Alexander Del Mar, J.A. Hobson, and Gordon Tullock. While aspects of the circumstances differed, a common element was academic exclusion because of challenges to mainstream views. Alexander Del Mar, J.A. Hobson, and Gordon Tullock...
Persistent link: https://www.econbiz.de/10011481205
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
the populist challenge by strengthening citizen sovereignty in addition to consumer sovereignty. Ordoliberalism, as a … specific form of liberalism that aims at achieving both a "functioning and humane order" within a system of "interdependent …
Persistent link: https://www.econbiz.de/10014455539
public choice and German ordoliberalism (and its source in the Freiburg School of Economics). We argue that the reception of … ordoliberalism exemplifies easy-to-grasp pitfalls that should be taken seriously. We anchor the future agenda of public choice in a … solid individualist perspective. Similar to ordoliberalism, public choice will have to clarify its relation to normative …
Persistent link: https://www.econbiz.de/10014251970
In the aftermath of the Eurozone crisis, a battle of ideas emerged over whether ordoliberalism is part of the cause or … thoughts on how a contemporary ordoliberalism can be constructively used to react to some of the challenges of the ongoing …
Persistent link: https://www.econbiz.de/10012405461
The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School … consensus on the methodological question of whether ordoliberalism could be fully integrated into international research … ordoliberalism failed to have a lasting impact on German academic economics and discusses possible implications of this finding for …
Persistent link: https://www.econbiz.de/10014304519
Friedrich Hayek's The Road to Serfdom is an influential book more than seventy years after its publication. This paper examines his arguments and finds that they come up short in many ways and suggests that we have taken "another road to serfdom". Hayek's mind was completely closed to the...
Persistent link: https://www.econbiz.de/10011497774
We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...
Persistent link: https://www.econbiz.de/10011809903
Using a model of repeated agency, we explain previously unexplained features of the real-world lobbying industry. Lobbying is divided between direct representation by special interests to policymakers, and indirect representation where special interests employ professional intermediaries called...
Persistent link: https://www.econbiz.de/10011444131
Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...
Persistent link: https://www.econbiz.de/10014463568