[Introduction ...] This paper tries to answer these questions taking five steps of argumentation. Firstly, the paper briefly sketches the theoretical and empirical background of the modern liberal market economy concept. Secondly, it outlines in more detail the basic ideas of the ordoliberal...

Germany's system of economic and political governance strongly relies on group decision-making and consensus to solve economic issues. This approach relates to a wide spectrum of decisions, including the social partners with the trade unions and the employers' associations in wage formation, the...

Among all G20 countries, Germany has the lowest level of inequality in terms of disposable income. Germany's tax and transfer system - which has a strong and effective redistributive impact compared with other countries - plays a key role in this connection. Over the past ten years, positive...