Since the issuance of KonTraG in 1998 Germany has regulatory requirements to supplement internal control systems with a risk management component. The extensions of IDW’s standards indicate also the need for an altered understanding and a more intense analysis with internal control systems by...

Flexicurity, an "integrated strategy to simultaneously strengthen flexibility and security in the labour market", is perceived both by the European Union and in economic policy discussion as a tool to overcome current weaknesses in the labour market. In actual practice, flexicurity was typically...

The relationship between economy and democracy has always been fraught with conflict in the modernity. It is difficult to use the legal system to democratize economic behaviour without restricting efficiency. The volume explores this problematic relationship from the perspective of history,...

The authors of this conference volume provide new findings about the German and American historical experiences with the regulation of natural monopolies, explaining differences as well as similarities in the evolution of both legal systems.

Roman Michalczyk imparts new knowledge on the general discussion on regulation in Europe and the USA. He describes the historical situation which was the basis for the development of the regulation as well as the political, economic and legal factors which interacted to enable Europe to look...