The Dahrendorf hypothesis and its implications for (the theory of) economic policy-making
The sociologist R. Dahrendorf has recently suggested that there is no and there ought to be no convergence of economic policies towards some common ideal model. On the contrary, he states that 'diversity is […] at the very heart of a world that has abandoned the need for closed, encompassing systems'. It is shown in this paper that the Dahrendorf hypothesis is difficult to reconcile with orthodox economic approaches to economic policy-making. A perspective on policy-making that introduces either fundamental uncertainty or endogenous policy preferences or both is, however, shown to be consistent with the Dahrendorf hypothesis. Copyright 2005, Oxford University Press.
Year of publication: |
2005
|
---|---|
Authors: | Schnellenbach, Jan |
Published in: |
Cambridge Journal of Economics. - Oxford University Press. - Vol. 29.2005, 6, p. 997-1009
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Döring, Thomas, (2004)
-
On the relation between income inequality and happiness: Do fairness perceptions matter?
Bjørnskov, Christian, (2009)
-
Das Finanzierungssystem der EU und die Nettozahlerdebatte
Feld, Lars P., (2007)
- More ...