In view of increasing globalization, today more than ever we are confronted with the question of whether the state is permitted to protect domestic companies from foreign-owned competition or if it should abstain from any form of protection. Lüder Gerken develops a basic ordoliberal theory of...

We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...