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Douglass North gehört zu den führenden Sozialwissenschaftlern des 20. Jahrhunderts. Er wurde für seine bahnbrechenden Leistungen auf dem Gebiet der ökonomischen Geschichtstheorie mit dem Nobelpreis ausgezeichnet. Dieser Aufsatz rekonstruiert (a) seine kliometrische Diagnose der Moderne, (b)...
Persistent link: https://www.econbiz.de/10011786038
liberal political economists must embrace the intellectual and practical challenges of the day, and bring a robust theory of …
Persistent link: https://www.econbiz.de/10014151812
Economic policy is generally directed to achieve particular objectives which include targets for inflation, desirable unemployment levels, economic growth pace, standard of living of citizens among others. An economic policy is a course of action that is intended to influence or control the...
Persistent link: https://www.econbiz.de/10012979653
words, government serves as our agent. Understood in light of Principal-Agent Theory (PAT) and Behavioral Principal …-Agent Theory (BPAT), a great deal of modern regulation can be helpfully evaluated as a hypothetical delegation. Shifting from …
Persistent link: https://www.econbiz.de/10013027459
economic policy which is able to overcome the theory-immanent contradiction of the hitherto evolutionary view on this subject. …
Persistent link: https://www.econbiz.de/10011403857
Constitution of Liberty, a shift of Hayek’s focus is identified: from a theory of designing frameworks at a point of time towards a … theory of their evolution across time. Overall, Hayek of the 1930s and 1940s is interpreted as a continental liberal thinking …
Persistent link: https://www.econbiz.de/10012426958
In the history of economic thought Walter Eucken is mostly known for his impact in establishing the Social Market Economy in post-war Germany. Even though there is a growing interest in his ideas especially from an Austrian and a Constitutional Economics perspective, his influence on the...
Persistent link: https://www.econbiz.de/10012977131
This paper provides, after a contextualizing introduction, the first-time translation of Walter Eucken’s presentation during the first session of the founding meeting of the Mont Pèlerin Society, April 1-10, 1947. Eucken was the only scholar based in Germany to attend the conference and took...
Persistent link: https://www.econbiz.de/10013164738
economists’ zeal for reform with positive economic theory and how this notion advances the importance of constitutional …
Persistent link: https://www.econbiz.de/10014148423