James M. Buchanan's latest contribution to the post-crisis debate in political economy underpins the necessity to reexamine the legacy of the Old Chicago School of thought, being urged by Buchanan's recently stressed plea at the 2009 Regional Meeting of the Mont Pèlerin Society and at the...

We analyse German public finances against a theoretical background using a unique database, retrieved frommultiple sources covering the period between 1850 and 2010.Multiple currency crises and force majeure offer anecdotal evidence contradicting the historical perception of Germany being the...

This paper provides new evidence on the sustainability of public finances in German states (Laender) by exploiting a newly compiled database covering the years 1950]2011. Unlike previous studies on Germany, we analyze fiscal sustainability by applying gsecond generationh panel cointegration...

In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender and 1991 to 2011 for East German Laender, respectively. In...

In diesem Beitrag setzen wir uns mit der zukünftigen Positionierung der Ordnungsökonomik innerhalb der Wirtschaftswissenschaften in dem zuvor angelegten Spannungsfeld zwischen positiver Analyse und normativer, auf wirtschaftspolitische Beratung zielender Disziplin auseinander. Ausgangspunkt...

In the last decades, the majority of OECD countries has experienced a continuous increase in public debt. The European debt crisis has prompted a fundamental re]evaluation of public debt sustainability and the looming threat of sovereign debt default. Due to a multitude of large scale events in...

The essays collected in this volume discuss the life and work of the Freiburg economist Leonhard Miksch with a special focus on his contributions to the ordoliberal approach to monetary and competition policy. Furthermore this volume contains reprints of some of Miksch's articles as well as a...

If there can be no simple going back to the old constitutional economics, what then could a new constitutional economics be like, one which is connected explicitly to international discourses but at the same time considers itself to be in the tradition of Eucken, Böhm and Röpke? This is the...

Im Mittelpunkt dieses Beitrages steht ein besonderer Aspekt in der Diagnose der gegenwärtigen Krise, ihrer Ursachen sowie der bisherigen Lösungsversuche, nämlich die zu beobachtende Priorität des kurzfristigen Denkens in Politik und Wirtschaft. Diese myopische Perspektive, deren moderne...

In the history of economic thought Walter Eucken is mostly known for his impact in establishing the Social Market Economy in post-war Germany. Even though there is a growing interest in his ideas especially from an Austrian and a Constitutional Economics perspective, his influence on the...