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Monetary policy crisis management as a threat to economic order
Freytag, Andreas; Schnabl, Gunther - 2017
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, welfare, social cohesion and political stability in Germany and …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …
Persistent link: https://www.econbiz.de/10011611212
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The renaissance of ordoliberalism in the 1970s and 1980s
Krieger, Tim; Nientiedt, Daniel - 2023
, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories …
Persistent link: https://www.econbiz.de/10014304519
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The rise of capitalism and the roots of Anti-American terrorism
Krieger, Tim; Meierieks, Daniel - 2014
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization...
Persistent link: https://www.econbiz.de/10010375158
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Politicians' social welfare criteria : an experiment with German legislators
Ambuehl, Sandro; Blesse, Sebastian; Doerrenberg, Philipp; … - 2023
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social...
Persistent link: https://www.econbiz.de/10014247240
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The welfare economics of reference dependence
Reck, Daniel; Seibold, Arthur - 2022
Empirical evidence suggests that individuals often evaluate options relative to a reference point, especially seeking to avoid losses. In this paper, we provide the first welfare analysis under reference-dependent preferences. We decompose the welfare impact of changes in reference points and...
Persistent link: https://www.econbiz.de/10013411537
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Medieval universities, legal institutions, and the commercial revolution
Cantoni, Davide; Yuchtman, Noam - 2013
markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic … important channel linking universities and greater economic activity in medieval Germany. …
Persistent link: https://www.econbiz.de/10010199411
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Where to look for the morals in markets?
Sutter, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2016
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...
Persistent link: https://www.econbiz.de/10011515418
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Of morals, markets and mice : a comment on Falk and Szech
Breyer, Friedrich; Weimann, Joachim - 2014
A recent experimental study by Falk and Szech (Science, 2013) concludes that "markets erode moral values". If this were true, economists, who have emphasized the efficiency enhancing effects of markets for centuries, would have to reconsider their judgments fundamentally. This would be no less...
Persistent link: https://www.econbiz.de/10010342529
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Different antidumping legislations within the WTO : what can we learn from China's varying market economy status?
Sandkamp, Alexander-Nikolai; Yalçin, Erdal - 2020
This paper examines how varying antidumping methodologies applied within the WTO differ in the extent to which they reduce targeted exports. We show that antidumping duties, on average, hit Chinese exporters harder than those of other targeted countries. This difference can be traced back in...
Persistent link: https://www.econbiz.de/10012240356
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The role of government and trust in the market economy
König, Nadja; Schuknecht, Ludger - 2018
This paper studies the role of governments and its link to trust. We argue that the public's trust strongly depends on governments delivering on their core tasks in a market economy. In some economies, a neglect of core tasks can be observed and there seems to be some erosion, notably in terms...
Persistent link: https://www.econbiz.de/10011825240