Die ordoliberal inspirierte Soziale Marktwirtschaft, die in Westdeutschland seit dem Ende der 1940er Jahre entstanden war, hat in jüngster Zeit erheblich mehr Beachtung in der wissenschaftlichen Debatte gefunden als vor der Finanzkrise, die 2008 einer größeren Öffentlichkeit bewusst wurde....

The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic 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,...

30 Jahre nach dem Mauerfall wurde keine volle Konvergenz der Wirtschaftsleistung und der Lebensverhältnisse zwischen Ost- und Westdeutschland erreicht. Das Papier zeigt die unvollständige Konvergenz bei Produktivität, Einkommen, Steueraufkommen und Vermögen auf. Es diskutiert mögliche...

30 Jahre nach dem Mauerfall wurde keine volle Konvergenz der Wirtschaftsleistung und der Lebensverhältnisse zwischen Ost- und Westdeutschland erreicht. Das Papier zeigt die unvollständige Konvergenz bei Produktivität, Einkommen, Steueraufkommen und Vermögen auf. Es diskutiert mögliche...

The paper analyses the effects of monetary policy crisis management of the European Central Bank on the economic 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,...

In this paper I portray "neo-liberalism" in its original conceptual meaning as opposed to the generic term of depreciation as which it is commonly used. I identify fair competition and the denial of all privilege as the major concerns of original neo-liberals. Ethical merit for competition...

According to the traditional ordo-liberal view of the Freiburg School, the central role of the state in economic affairs is to set up rules that create a competitive order within which private actors have sufficient incentives to coordinate their economic affairs efficiently. Underlying this...

Problems of justice, such as high managerial salaries or the introduction of minimum wages, today arouse a lot of public attention and debate. This hints at the general fact that 'justice' cannot be reduced to mere efficiency questions as economists very often tend to assume. Therefore, this...

Today we have a paradoxical situation in Germany's public debates on the order of society and economy. The absolute majority of all voters blame the state for a neoliberal economic and social policy, but the state gives up more and more ordnungspolitische ideas. If we look for causes for the...

The paper examines how efforts to design a policy regime governed by rules may lead on the contrary to recurrent and far-reaching political discretion. Where re-orientations of policy are formally excluded, as in the ordo-liberal perspective, unforeseen situations will typically provoke...