The Nordic Model is the 20th-century Scandinavian recipe for combining stable democracies, individual freedom, economic growth and comprehensive systems for social security. But what happens when Sweden and Finland – two countries topping global indexes for competitiveness, productivity,...

Die Interaktion aller beteiligten einzelnen ist der polyzentrische Ursprung aller gesellschaftlichen Ordnung und damit auch der Ordnung des Wirtschaftens. Diese Einsicht Friedrich Hayeks greift Eilert Herms in den Studien dieses Bandes auf und entwickelt sie kritisch fort, so daß sie als...

Indeed it is the case that "[e]very possible general answer has already been given to the question of how much should be transferred to the poor" (Olson, 1986). The underlying motive for this multiplicity of answers can mostly be located in the range of exogenously taken views on the trade-off...