Gerhard Wegner construes the meaning of economic liberalism from the perspective of Rawls' political liberalism. Hayek's theory of spontaneous order undergoes a reinterpretation: it becomes the legitimate ideology critique of legitimate political preferences. (Published in German.)

The paper analyzes the political economy of capitalist transformation in nineteenth century Germany. The emergence of capitalism after 1806 gives an example that economic freedom can precede political freedom, leaving the political power of the “dominant coalition” intact. The paper argues...

The paper analyzes the political economy of capitalist transformation in Germany during the first half of the 19th century. Current approaches in institutional economics stress the dependency of economic and political institutions in 'open access orders', which makes economic freedom without...

This book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies. The contributors explore the possibilities and limitations of governance, and provide a unique platform for the...

The article analyses Hayek's critical assessment of purposeful interventions into evolutionary markets. To check the correctness of Hayek's neglect of successful intervention into markets, the article focuses on the long-term devaluation of private opportunities ('creative destruction') as an...

This paper analyses the claim of constitutional economics that liberal economic policy requires far-reaching constitutional reform. The paper starts with a restatement of this claim and reinforces the rationale of the currently most influential variants of constitutional economics as represented...

Dieser Beitrag untersucht Legitimationsfragen ordnungspolitischer Empfehlungen in der Demokratie. Waehrend die klassische Ordnungspolitik in der Tradition Walter Euckens die Legitimation ordnungspolitischer Regeln mit dem gesellschaftlichen Wohlfahrtsgewinn begruendet, muss in der Demokratie die...

Contemporary economic liberalism comes in two forms: a substantive version, which defines the scope and extent of economic policy, and a procedural version, which draws on citizens' preferences. Whereas the recent reconception of economic liberalism based on social-contract theory considers the...