The process of globalization causes an increasing intensity of institutional competition, i.e. competition among national suppliers of institutional arrangements for mobile factors. This often leads to the conclusion that the competence of national economic policy actors is decreasing. As a...

Starting from some specific characteristics of the Russian economy and society and a description of essential elements of Russia’s transition to a market economy which is gaining momentum since 1990 the article describes the basic elements of the economic order of the Russian Federation,...

Freiburg school of ordoliberalism contributions to the modern economic thinking and some of its implications for post-war economic and social policy in West Germany are discussed in this paper. After explaining some elementary terms there is a short excursion in the economic history and external...

In den späten 1970er Jahren erklärte der König des südasiatischen Kleinstaates Bhutan, dass für sein Land nicht das Bruttoinlandsprodukt wichtig sei, sondern vielmehr das Bruttonationalglück. Dieser Beitrag analysiert das Bruttonationalglück in Bhutan aus ordnungspolitischer Perspektive....

Studies into the Wealth of Nations have been the aim of economics since Adam Smith. However, the spectacular rise of some economies, beginning with industrializing England in the 18th century, has been of particular interest. England's rise has been as miraculous in the eyes of the observers as...

В статье анализируется экономическая политика государства в условиях формирования рыночного хозяйственного порядка. Исследуется мировая практика создания...

In this paper I describe certain results that were obtained in the UNITAR project based on a model I have specified for studying the relationship between international terms of trade and domestic income distributions of the exporting countries within the South. In particular, I shall concentrate...

Market conforming institutions are a precondition for a thriving and stable economy. This is the upshot of the Washington consensus or, of somewhat earlier origin, the "Eucken hypothesis" Another hypothesis of Eucken has it that market conforming institutions are the product of a strong state....