The paper describes the exchange program in between the University of Wisconsin/Milwaukee and the University of Potsdam in the field of economics. It discusses in detail the development of the program, including the problems and challenges. Additionally a brief description of the curriculum is...

However, some simple and powerful theoretical knowledge does exist; here one has just to mention the discussions on methodological individualism and collectivism, on open and closed societies, and last but not least Hayek's ideas on spontaneous order which delivers an appropriate explanation for...