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The currency reform on 20 June 1948, together with a comprehensive liberalisation of prices and the implementation of monopoly control, formed the basis for the West German economic miracle. From then on, the market principles formulated by Walter Eucken und implemented by Ludwig Erhard became...
Persistent link: https://www.econbiz.de/10011931054
of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller …-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and Europe as a whole … welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a timely exit …
Persistent link: https://www.econbiz.de/10014521939
ordoliberal thought which has had a strong impact on EU competition policy and law. Outside Germany, ordoliberal thought is often … ordoliberalism after the Second World War. Major developments since then have remained largely unrecognized. This paper sets out the … important insights that have markedly changed some of the basic concepts of the "Freiburg School" so as to bring ordoliberalism …
Persistent link: https://www.econbiz.de/10010255374
Persistent link: https://www.econbiz.de/10011944055
Should economic policy be guided by rules? In this paper, we take the perspective of the Freiburg School and trace its … generation of the Freiburg School. We argue that there are costs of not having rules and therefore that the main thrust of the … avoid the costs of discretionary policy-making. Furthermore, we argue that a reliance on stable rules does not imply an …
Persistent link: https://www.econbiz.de/10012511811
Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis …'s thinking and the development of German ordoliberalism across time in relation to the "Rules vs. Discretion" debate and to …. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the …
Persistent link: https://www.econbiz.de/10011743490
The dominant debate about the nuclear crisis often clouded the view of Western and South Korean observers regarding the deep changes, North Korea's political and economic system underwent in the Kim Jong-Un era, from the Soviet socialist system under his grandfather Kim Il-Sung and the military...
Persistent link: https://www.econbiz.de/10012199602
integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher’s United Kingdom have long …
Persistent link: https://www.econbiz.de/10011815831
The currency reform on 20 June 1948, together with a comprehensive liberalisation of prices and the implementation of monopoly control, formed the basis for the West German economic miracle. From then on, the market principles formulated by Walter Eucken und implemented by Ludwig Erhard became...
Persistent link: https://www.econbiz.de/10011937800
between ordoliberalism as German variety of neoliberalism and (American) neoliberalism on a personal as well as on an …
Persistent link: https://www.econbiz.de/10011975685