Published by De Gruyter Oldenbourg

Volume 60 Issue 1

Issue of ORDO

Contents
Journal Overview

May 11, 2016

Hauptteil

May 11, 2016

60 Jahrgänge Ordnungstheorie und Ordnungspolitik / Sixty volumes of ORDO

Hans Willgerodt

Page range: 3-22

Abstract

The ORDO yearbook is still being published after sixty years. On this occasion the author reminds one of the general principles, to which the editors are committed, by resisting a centrally planned administration of the economy on the one side and a policy of unrestricted Laissez-faire on the other. The reform of the economic system in West Germany in 1948 against the international mainstream is taken as an example of the long lasting power of well-designed new ideas against the tide of shortsighted interests of all kinds. These include scientific trends, which deny or at least minimize the relevance of institutional foundations for the economy and try to destroy research and teaching in this field. Misunderstandings about methods used in economics are also treated, together with some special German tendencies to deny the importance not only of economic policy but also of political problems in general.

May 11, 2016

Ist ‚Freiheit’ als ‚negative Freiheit’ ausreichend bestimmt? Die Positionen Friedrich August von Hayeks und Isaiah Berlins im Kontrast sowie ein Vorschlag zur Diskussion / Is ‚Liberty’ as ‚Negative Liberty’ Appropriately Conceptualised? The Positions of Friedrich August von Hayek and Isaiah Berlin in Comparison and a Proposal for Discussion

Steffen W. Groß

Page range: 23-52

Abstract

Our article addresses the question whether ‘liberty’ is appropriately conceptualised as ‘negative liberty’. Based on a comparison of the ideas of Friedrich August von Hayek and Isaiah Berlin we outline how the idea of a negative concept of liberty did emerge as the dominant paradigm in the twentieth century. Against this background we develop the thesis that it is necessary to understand the complex interdependence between positive and negative aspects of freedom in order to arrive at a holistic, active understanding of the dynamic nature of freedom and the concepts used to define it.

May 11, 2016

Walter Euckens Weg zum Liberalismus (1918-1934) / Walter Eucken’s way to liberalism (1918-1934)

Uwe Dathe

Page range: 53-86

Abstract

In the current debate about the program of Freiburg School increasing attention is paid to Walter Eucken’s life and the origins of his work. Despite of all efforts to clarify these origins, Eucken’s way to liberal economic and political views is still almost unknown. To show Eucken’s development from the early conservative biographical and intellectual environment to liberal positions this contribution presents and analyzes new material on Walter Eucken from his literary estate and from the literary estates of his father Rudolf Eucken and of Alexander Rüstow. After an introduction (I) with a review about the literature on Eucken we analyze Eucken’s political an economic views during World War I and the first years of Weimar Republic (II). In (III) we give an overview of Eucken’s contributions to the philosophical, ideological, political and economic debates of the Weimar Republic (1922-1931). In the next chapter (IV) we analyze some of Eucken’s papers from 1932. In these papers Eucken opposes totalitarian right-wing ideologies and defends liberal economic and political positions. Then (V) we present and analyze some examples of Eucken’s liberal opposition against the Nazi-ideology in 1933/34.

May 11, 2016

Gesellschaft und Recht bei David Hume und Friedrich A. von Hayek – Über die Zivilisierung des Egoismus durch Recht und Wettbewerb / David Hume’s and Friedrich A. von Hayek’s Theory of Society and Law. Law and Competition as Civilizers of Self Interest

Ernst-Joachim Mestmäcker

Page range: 87-100

Abstract

The rationality of decentral orders and their governing principles inform the institutions that are necessary conditions of free societies. These institutions are: Rules of just conduct in civil society; the division of labour as a product of freedom of occupation and freedom of contract; competition. These institutions are the result of human action but not of human design (Von Hayek, Ferguson). They are not a product of chance but of experience permitting insight into principles that are compatible with free and just societies.

May 11, 2016

Zwischen Historismus und Neoklassik: Alexander Rüstow und die Krise in der deutschen Volkswirtschaftslehre / Between Historical School and Neoclassical Economics: Alexander Rüstow and the Crisis in German Economics

Hauke Janssen

Page range: 101-118

Abstract

The crisis in German economics after the First World War led to the attempt, initiated by Alexander Rüstow in 1926, to unify all the German economic theorists in a ‘closed front’ against the Historical School. The so called „Ricardians” should be ready to attack, as Rüstow wrote to Walter Eucken in 1927, the „ruins of the Historical School”. This development, in which we see the first blossoming of later Ordoliberalism, was neglected for a long time and its significance in the history of German economic thought not appreciated. Our paper based on an evaluation of the correspondence of Rüstow with his later emigrated socialist friends Adolf Löwe (in US known as Adolph Lowe) and Eduard Heimann on the one side and his liberal companions Walter Eucken and Wilhelm Röpke on the other side.

May 11, 2016

Wirtschaftspolitik und Psychologie: Zum Forschungsprogramm der Behavioral Economics / Psychology and economic policy

Hanno Beck

Page range: 119-152

Abstract

The new discipline of behavioral economics relies on psychological findings that humans show systematic deviations from rationality − they act altruistically and are concerned about fairness, they behave in a time-inconsistent manner and they don`t have an unlimited capacity for information processing and storage. Based on these findings - the most important ones being described in this paper −, psychologists propose new ideas for politics in various fields: social policy, regulation of financial markets, finance, tax policy, volunteering, promoting reforms and consumer protection − all these fields may benefit from the insights of the new discipline of behavioral economics. The most important application in this field is the idea of a liberal paternalism: In contrast to traditional heavy-handed approaches to paternalism, liberal paternalism aims to improve individual choice without restricting it by making use of some of those behavioral biases. This policy seems to be very smart; nonetheless it brings several problems with it which are being addressed in this paper.

May 11, 2016

Zum Verhältnis von Recht und Ökonomie in der Wettbewerbspolitik: Eine Erwiderung auf Mestmäcker / On the Dualism of Law and Economics in the Interpretation and Application of Competition Rules

Dieter Schmidtchen

Page range: 153-168

Abstract

This article defends the position that the basic problem to be solved by competition law is of a “reciprocal nature” (Coase). Giving more freedom to one party (extending the scope of its property rights) necessarily means less freedom to another party. Thus, the design of property rights is a zero-sum game that cannot be solved by using freedom as a guideline but by reference to economic efficiency. The article takes issue with a criticism of this position put forward by Mestmäcker in this journal 2008.

May 11, 2016

Über die Not-Wendigkeit von Nothilfe. Eine Handvoll ordnungspolitischer Betrachtungen angesichts der neuen Staatsgläubigkeit / Emergency measures help to save the free-market system

Gerhard Schwarz

Page range: 169-184

Abstract

One of the results of the global financial and economic crisis is the fact that in all parts of society believers in “big government” are in the ascendancy. At the same time, inside the free-market camp the differences between the “ordoliberal” and the libertarian school of thought have become more distinctive. This article opposes the view that non-intervention would have been the best medicine against the crisis. Although government bears a significant part of the blame for the crisis, it still has to play a central role as an emergency helper in extraordinary times of need. Moreover, the free-market camp cannot simply wash its hands of its responsibility. The key question for all who support a system based on freedom will be how to prevent or at least alleviate the many undesirable long-term consequences of the anti-crisis measures. Market-oriented economic policy now means playing the role of the physician who takes life-saving emergency measures, knowing that they can lead to long-term damage or at least to a dependence on prescription drugs. In a democracy, a healthy mix of realism and self-criticism is more beneficial to the credibility and thus the influence of free-market economic policies than a dogmatic anti-interventionist position.

May 11, 2016

Finanzmarktkrise: Marktversagen oder Staatsversagen? / Financial crisis: Failure of markets or politics?

Albrecht F. Michler, H. Jörg Thieme

Page range: 185-222

Abstract

In the first six month of 2009 the worldwide economic situation is characterised by a double burden: On the one hand the financial crisis is still on-going with limit signs of any recovery. The crisis which arose in the subprime segment of the US mortgage market extended due to the international integration of financial markets. On the other hand signs of increasing inflation, with the potential for more to come in the USA since middle of 2004 and later in Europe and Asia, have forced central banks to introduce a phase of very restrictive monetary policy. With time lags the monetary policy has caused significant negative real economic effects. Both developments overlap. In this paper the different escalation stages of the financial crises are initially indicated and - against the background criteria of a functioning financial system - are followed by an analysis of the ordinal-political and process-political undesirable developments in the financial markets over the past decades. They are identified as the most important causes of the monetary and real economic undesirable trends: Varied state regulations have created deficits of the basic regulatory framework of the finance markets by which competitive processes were hindered and ineffective evasive reactions of the participants at the financial markets were rewarded. Moreover wrong liability rules of the decision makers in the financial institution have substantially contributed to these behaviours. The financial policy of many countries and in particular short-term process interventions of the monetary policy of central banks have put massive false incentive in place for the market participants and have caused mismatching within the loan market players. In a critical analysis numerous proposals are suggested for overcoming the current financial crisis and possible options for the improvement of the long-term regulatory framework are indicated. Whilst they cannot fully remove the risks of future financial crisis, they can help reduce them.

May 11, 2016

Das Bilanzproblem der Banken – Ein Lösungsvorschlag / The bank‘s balance sheet problems: a proposal for a solution

Ulrich van Suntum, Cordelius Ilgmann

Page range: 223-246

Abstract

In this paper, we propose a method for a bail-out of the banking system without expenses to the taxpayer. This is done by applying an instrument that has been twice proven to work successful. On two occasions, after the end of the Third Reich in World War II and after German Reunification in 1990, so called “Ausgleichsforderungen” (compensation bonds) were assigned to banks because the turmoil of war and peaceful revolution respectively had rendered worthless a great part of banks’ assets. These compensation bonds were designed to agree the balance after an asymmetric conversion of outstanding accounts and liabilities during currency reform, which would have left most financial institutions in a state of over-indebtedness. These bonds were none fungible, bore interest and were in the course of time slowly redeemed by the German government. Contrary to this past approach, we suggest that in the current crisis the toxic assets should be exchanged by zero bonds rather than by interest bearing bonds. The key idea is to spread the hidden balance risks over time and thus, ultimately, make the banks themselves pay for the costs without forcing them into crisis induced insolvency. As will be outlined, this course of action is from an ordoliberal point of view superior to existing solution. Not only will zero bonds save taxpayer`s money, but also uphold the market principle of liability for one’s actions, thereby avoiding to set incentives for inefficient risk-prone behavior during the next bubble.

May 11, 2016

Lehren aus der Finanzkrise: Rolle des Staates und internationale Dimension / Lessons from the financial crisis: The role of government and the international dimension

Roland Vaubel

Page range: 247-266

Abstract

The financial crisis is not due to distorted market incentives but to error and government failure. A comparison of risk premia in the US mortgage and corporate bond markets reveals that the crisis was not caused by low risk aversion; rather, the market underestimated the risk. The same factors which explain US regulatory failure in, and prior to, the crisis also throw doubt on current proposals to give regulators more discretionary powers. The regulations which are now to be introduced at the EU level would not have prevented the crisis. Since each country has a sufficient incentive to maintain the stability of its financial system, the crisis is not due to a lack of international cooperation, and there is no need for international regulation in the future. However, the exchange of information may be improved. The paper demonstrates that the economic forecasts of international organisations like the International Monetary Fund are less reliable than those of private and national institutions. Governments should not subsidise solvent banks, nor should they contribute to their capital. Banks which declare bankruptcy, however, should be taken over, restructured and resold by a public agency. Capital requirements ought to be raised and vary with the business cycle. There is also a case for rules requiring more transparency.

May 11, 2016

Die Finanzmarktkrise als Legitimitätskrise des Kapitalismus: Überlegungen zu (allzu) menschlichem Handeln in Wirtschaft und Politik / The Financial Crisis as a Crisis of the Legitimacy of Capitalism

Erich Weede

Page range: 267-288

Abstract

In Germany as well as in most of Continental Europe capitalism has never been popular. At first, prosperity and the welfare state, then globalization and the financial crisis contributed to this lack of legitimacy. For some time government and the state will gain in legitimacy because of the financial and economic crisis, although the financial crisis has been caused by government failure more than by market failure. Monetary policy, distorted incentives in American real estate markets and regulatory deficits contributed to the crisis. By poorly understood innovations in capital markets bankers contributed to the crisis, too. The errors committed by politicians and bankers should remind one of the fallibility of human beings. Principal-agent-problems add another layer of complexity. Transferring ever more tasks from the private economy to government implies hopes for the wisdom of governmental decisions, for the altruism and paternalism of politicians which are likely to overburden them. Professional economists deliver only disputed and contradictory recommendations. Moreover, even where professional advice is unambiguous, politicians find it hard to heed it.

May 11, 2016

Krisenbewältigung und Krisenvermeidung: Lehren aus der Finanzkrise / Crisis resolution and future crisis prevention: lessons from the recent financial crisis

Rüdiger Pohl

Page range: 289-316

Abstract

The purpose of this paper is to draw some early lessons from the recent financial crisis, particularly with regard to the crisis resolution and the prevention of future crises. In order to stabilize the financial system, government activities are essential even though success is uncertain. Nevertheless, there is rising concern of possible negative side effects such as a softening of the government’s budget constraint caused by government activities or distortions of competition in the financial sector. The reduction of these side effects remains a main challenge for the government. The judging of the government in the future will jointly depend on the dealing with crisis resolution and the causing or rather prevention of negative side effects. Due to the enormous output loss caused by the financial crisis, crisis prevention is gaining a high priority. However, thinking that the possibility of future financial turmoil can be eliminated by implementing new regulation frameworks is not realistic. The reason is that risk as a crisis potential is inseparably involved in financial transactions. Phenomena such as a declining risk awareness and a widespread herd instinct, which have caused the unsustainable accumulation of risks in the current crisis in the first place, will still be at work in the future. This cannot be completely suppressed by regulating the financial markets. Even a more ambitious regulation of the financial system, which is on the way as a reaction to the crisis, must give room for risk taking, otherwise it would undermine the efficiency of the allocation of capital.

May 11, 2016

Der Krise entkommen – das Geld privatisieren / Escaping the crisis – privatise money

Thorsten Polleit

Page range: 317-324

Abstract

The international credit crisis, which began in the summer of 2007 in the US market for low-rated mortgages („subprime“), is not a failure of capitalism: it gives evidence of the failure of interventionism. At its core, the crisis is the direct outcome of a planned-economy style monetary system in which state-owned central banks hold the money supply monopoly and increase the money stock through credit which is not backed by real savings. The privatisation of the monetary system (“free banking”) is the way out of a vicious cycle of boom-and-bust, provoked by government money, which seriously threatens societal freedom.

May 11, 2016

Finanzmarktinnovationen und Finanzkrisen: Historische Perspektive / Financial innovations and financial crisis: a historical perspective

Wilhelm Meyer

Page range: 325-354

Abstract

There is a remarkable phenomenon: the recurrence of financial crisis in the economic life of the states. This article starts with the idea that financial innovations could be main elements of the set of sufficent conditions for this phenomenon. In order to illustrate this assumption this article describes some historical and some modern cases of financial crisis. In modern times there are smaller and greater financial accidents, so to speak. These are less relevant for political action than the big ones of today. This article argues that there are three causal elements that might come close to the complete set of sufficient conditions for todays financial crisis. Among them are the MBS and CDOs, remarkable inventions of the financial industry. This article briefly deals with some recent proposals for the improvement of the financial system. They are selected because they seem to be in accordance with critical liberalism, a view which is due to the philosopher Hans Albert.

May 11, 2016

Krisenprävention als ordnungspolitische Aufgabe / The role of institutional economics in crisis prevention

Alfred Schüller

Page range: 355-388

Abstract

The recent financial and economic crisis raises the questions of how to conduct an appropriate diagnosis of the causes for the crisis as well as how to develop remedies not only to deal with the current crisis but also to prevent the development of crises in the future. In order to facilitate a systematic analysis of the two key questions posed above, this article initially provides a comparison of the differences between the institutional economic and the interventionist approach. Subsequently, the article explores the consequences of the solutions proposed by the two different approaches for the likelihood of the development of new crises and the risk of international contagion, the effectiveness of means to combat the current crisis, and, in particular, the opportunity to prevent future crises.

May 11, 2016

Unternehmen als Agenten der Armutsüberwindung und Entwicklung. Ihr Beitrag aus Sicht von Ordoliberalismus und Capability-Ansatz / Corporate potentials to fight poverty and foster human development. Ordoliberalismus and Capability Approach perspectives

Jürgen Volkert

Page range: 389-414

Abstract

Economists have devoted increasing attention to potentials of corporations as agents for fighting poverty in the developing world. This paper shows commonalities, differences, and complementarities of Walter Eucken’s “Ordoliberalismus” and the Capability Approach in order to conceptually identify the scope of these corporate potentials. First, Eucken’s perception of an optimal social policy and the underlying social questions are sketched out. All three major social questions classified by Eucken are highly relevant in the developing world. Then, these challenges are positioned within a Capability framework, followed by a discussion why corporate contributions against poverty will go well beyond income and commodity impacts. It is argued that modern development economics should devote more attention to traditional German “Ordoliberalismus” analyses of the interdependencies of economic and social order. This is necessary to establish a freedom-oriented concept of corporate potentials in the fight against poverty.

May 11, 2016

Die Rolle der Wahlfreiheit in der Armutsbekämpfung / The Role of Freedom of Choice in Poverty Alleviation

Ortrud Leßmann

Page range: 415-434

Abstract

The Capability Approach as well as the Conditions-of-Life-Approach view poverty as a multidimensional phenomenon that is not only characterised by lows levels of achievement in the various dimensions but also by a restricted opportunity to choose among from a set of different ways of life. The approaches thus put a lot of emphasis on (limited) freedom of choice as a crucial aspect of poverty. If poverty is seen in this way there are two ways to improve the situation of the poor: by broadening the set of opportunities open to them or by strengthening their ability to choose. The paper concentrates on the latter. The paper arrives at three general conclusions: first, the market is an institution that trains the ability to choose if certain preconditions are met which are necessary in order to ensure the functioning of the market (namely freedom from interference and absence of externalities). Secondly, democracy is a political institution that demands people’s ability to choose and, thus, strengthens this ability, too. Thirdly, education can and should play an important role in encouraging and training the ability to choose. These general findings are rather abstract and quite a lot has still to be done in order to fill the gap between theoretical findings and their actual application in the process of poverty alleviation.

May 11, 2016

Social Entrepreneurship und Ordnungspolitik: Zur Rolle gesellschaftlicher Change Agents am Beispiel des Kruppschen Wohlfahrtsprogramms / Social Entrepreneurship and Ordnungspolitik

Stefan Hielscher, Markus Beckmann

Page range: 435-462

Abstract

Using the rational-choice-approach of “ordonomics” this paper seeks to establish a conceptual link between two strands of literature that seem to focus on two distinct and apparently incommensurable research questions: on the one hand, the literature on Social Entrepreneurship literature that focuses on personal management issues; and on the other hand, the ordoliberal tradition of institutional economics (“Ordnungspolitik”). The key argument claims that social (rule) entrepreneurs can contribute positively to improving the institutional and political framework of society if they succeed in organizing new and mutually beneficial commitment arrangements for themselves and other stakeholders. From that perspective, social entrepreneurs engage as real societal change agents and can assume - complementary to traditional state functions - genuine ‘regulatory’ tasks. The article advances this argument by discussing the historical example of Krupp’s welfare program.

May 11, 2016

Armutsbekämpfung durch Reduktion von Korruption: eine Rolle für Unternehmen? / Fighting poverty by fighting corruption: A task for private enterprise?

Klaus Beckmann, Carsten Gerrits

Page range: 463-494

Abstract

We consider an argument that it might be helpful to combat poverty in developing countries indirectly by enlisting firms‘ help (as „corporate citizens“) in reducing corruption. It turns out that this argument crucially depends on a fair number of premises, including (a) a common interest of firms in reducing bribes, (b) the absence of positive effects of corruption on society at large and (c) the cost-effectiveness of formal institutions designed to combat corruption. In all three regards, we explain a number of reservations, both theoretical and empirical. Some tentative institutional policy recommendations ensue.

May 11, 2016

Ökonomische Vernunft und politische Ethik / Economic Reasoning and the Ethics of Policy

Thomas C. Schelling

Page range: 495-520

Abstract

Efficiency and equality, economic reasoning and the ethics of policy are often conceptualized as if they were in natural, unavoidable conflict with each other. This makes political problem solving difficult in practice. This article discusses how economic reasoning can - and how it cannot - help clarifying ethical problems. To this end, a contractual approach to social obligation is developed that could contribute to overcome such presupposed incommensurability between economics and ethics and thereby help identifying mutually beneficial solutions. The approach is illustrated by a number of examples. Among them are gasoline rationing, public rent control, minimum-wage laws, health insurance, the standard mileage method, family benefits, and airport safety.

Buchbesprechungen

May 11, 2016

Inhalt

Page range: 523-524

May 11, 2016

Ein rüstiger Jubilar zwischen Markt und Plan

Hanno Beck

Page range: 525-528

May 11, 2016

Gelebte Ordnung

Hanno Beck

Page range: 528-532

May 11, 2016

Missing Link?

Ein Kommentar zu Timothy Besleys (2006) „Principled Agents?

Klaus Beckmann

Page range: 532-534

May 11, 2016

Wirtschaftsethische Perspektiven VII

Besprechung des von Volker Arnold herausgegebenen gleichnamigen Bandes

Hardy Bouillon

Page range: 534-536

May 11, 2016

Zum Andenken an den unbekannten Dritten der Freiburger Schule

Bemerkungen zur Gedenkschrift für Hans Großmann-Doerth

Markus Breuer

Page range: 536-539

May 11, 2016

Der Einfluss des Neoliberalismus auf das Europäische Wettbewerbsrecht 1946-1965

Zu dem gleichnamigen Buch von Milène Wegmann

Arndt Christiansen

Page range: 539-545

May 11, 2016

Globalisierung und Europäisches Sozialmodell

Anmerkungen zum gleichnamigen, von Linzbach u.a. herausgegebenen Sammelband

Peter Engelhard

Page range: 546-550

May 11, 2016

Scientific Competition

Zu dem gleichnamigen Band herausgegeben von Stefan Voigt, Max Albert, und Dieter Schmidtchen

Justus Haucap

Page range: 551-553

May 11, 2016

Verbindlichkeit – Eine kritisch-realistische Bestimmung der Erkenntnis und des Wesens der Gesellschaft

Besprechung des gleichnamigen Buches von Heinrich Stieglitz

Catherine Herfeld

Page range: 554-558

May 11, 2016

Der Treibhausgas-Emissionshandel in evolutionsökonomischer Perspektive

Carsten Herrmann-Pillath

Page range: 558-564

May 11, 2016

Markt und Wettbewerb in der Sozialwirtschaft

Anmerkungen zu einem von Detlef Aufderheide und Martin Dabrowski herausgegebenen Tagungsband

Manfred Hilzenbecher

Page range: 564-567

May 11, 2016

Ordnungsökonomik – ein überholtes Forschungsprogramm?

Anmerkungen zu dem Buch von Manfred Streit „Wissen, Wettbewerb und Wirtschaftsordnung

Helmut Leipold

Page range: 568-571

May 11, 2016

Anwendungsorientierte Marktwirtschaftslehre und Neue Politische Ökonomie

Anmerkungen zum gleichnamigen Buch, herausgegeben von Lothar Funk

Thomas Pfahler

Page range: 571-576

May 11, 2016

Internetökonomie – Ein interdisziplinärer Beitrag zur Erklärung und Gestaltung hybrider Systeme

Besprechung des von Heinz Lothar Grob und Jan vom Brocke herausgegebenen gleichnamigen Bandes

Benedikt Römmelt

Page range: 577-580

May 11, 2016

Rationierung in der Gesetzlichen Krankenversicherung Deutschlands

Anmerkungen zu dem gleichnamigen Buch von Doris Weissberger

Andreas Schmid

Page range: 580-583

May 11, 2016

Effizienz oder Wettbewerbsfreiheit?

Besprechung des gleichnamigen Buches von Adrian Künzler

André Schmidt

Page range: 583-586

May 11, 2016

Visionäre Wege aus der Subprime-Krise

Anmerkungen zu einem Buch von Robert J. Shiller

Cord Siemon

Page range: 586-591

May 11, 2016

Studien zur evolutorischen Ökonomik IX

Zu dem gleichnamigen Band des Vereins für Socialpolitik, herausgegeben von Wolfgang Kerber

Manfred E. Streit

Page range: 592-595

May 11, 2016

Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History

Zu dem gleichnamigen Buch von Douglass C. North, John Joseph Wallis und Barry R. Weingast

Petra Stykow, Joachim Zweynert

Page range: 595-599

May 11, 2016

Eine anekdotische Volkswirtschaftslehre für jedermann

Zu einem Taschenbuch von Heiner Flassbeck

Adolf Wagner

Page range: 599-606

May 11, 2016

Kurzbesprechungen

Andreas Götz, Beat Gygi, Alexander Lenger, Martin Leschke, Helge Peukert, Thomas Pfahler, Steffen Schmidt, Friedrich Schneider

Page range: 607-620

May 11, 2016

Personenregister

Page range: 621-630

May 11, 2016

Sachregister

Page range: 631-638

May 11, 2016

Anschriften der Autoren

Page range: 639-642

About this journal

About ORDO

ORDO is a peer-reviewed academic journal first published by Walter Eucken and Franz Böhm in 1948. It focuses on the economic and political institutions governing modern society. Its mission is to provide a forum of debate for scholars of diverse disciplines such as economics, law, political science, sociology, and philosophy.

Contributors include Nobel laureates James M. Buchanan, Milton Friedman, Friedrich von Hayek, and George J. Stigler, as well as Lord Peter Thomas Bauer, Franz Böhm, Gottfried Haberler, Erich Hoppmann, Otmar Issing, Paul Kirchhof, Israel M. Kirzner, Frank H. Knight, Irving Kristol, Ludwig Lachmann, Assar Lindbeck, Friedrich A. Lutz, Fritz W. Meyer, Alfred Müller-Armack, Sir Karl R. Popper, Wilhelm Röpke, Jacques Rueff, Carl Christian von Weizsäcker, Arthur Woll, and many other notable scholars.

ORDO also contains book reviews. Articles are published in German or in English. If you wish to contribute, please read our submission guidelines.

Volume 60 Issue 1

Issue of ORDO

Vorwort

Inhalt

60 Jahrgänge Ordnungstheorie und Ordnungspolitik / Sixty volumes of ORDO

Abstract

Abstract

Walter Euckens Weg zum Liberalismus (1918-1934) / Walter Eucken’s way to liberalism (1918-1934)

Abstract

Gesellschaft und Recht bei David Hume und Friedrich A. von Hayek – Über die Zivilisierung des Egoismus durch Recht und Wettbewerb / David Hume’s and Friedrich A. von Hayek’s Theory of Society and Law. Law and Competition as Civilizers of Self Interest

Abstract

Zwischen Historismus und Neoklassik: Alexander Rüstow und die Krise in der deutschen Volkswirtschaftslehre / Between Historical School and Neoclassical Economics: Alexander Rüstow and the Crisis in German Economics

Abstract

Wirtschaftspolitik und Psychologie: Zum Forschungsprogramm der Behavioral Economics / Psychology and economic policy

Abstract

Zum Verhältnis von Recht und Ökonomie in der Wettbewerbspolitik: Eine Erwiderung auf Mestmäcker / On the Dualism of Law and Economics in the Interpretation and Application of Competition Rules

Abstract

Über die Not-Wendigkeit von Nothilfe. Eine Handvoll ordnungspolitischer Betrachtungen angesichts der neuen Staatsgläubigkeit / Emergency measures help to save the free-market system

Abstract

Finanzmarktkrise: Marktversagen oder Staatsversagen? / Financial crisis: Failure of markets or politics?

Abstract

Das Bilanzproblem der Banken – Ein Lösungsvorschlag / The bank‘s balance sheet problems: a proposal for a solution

Abstract

Lehren aus der Finanzkrise: Rolle des Staates und internationale Dimension / Lessons from the financial crisis: The role of government and the international dimension

Abstract

Die Finanzmarktkrise als Legitimitätskrise des Kapitalismus: Überlegungen zu (allzu) menschlichem Handeln in Wirtschaft und Politik / The Financial Crisis as a Crisis of the Legitimacy of Capitalism

Abstract

Krisenbewältigung und Krisenvermeidung: Lehren aus der Finanzkrise / Crisis resolution and future crisis prevention: lessons from the recent financial crisis

Abstract

Der Krise entkommen – das Geld privatisieren / Escaping the crisis – privatise money

Abstract

Finanzmarktinnovationen und Finanzkrisen: Historische Perspektive / Financial innovations and financial crisis: a historical perspective

Abstract

Krisenprävention als ordnungspolitische Aufgabe / The role of institutional economics in crisis prevention

Abstract

Unternehmen als Agenten der Armutsüberwindung und Entwicklung. Ihr Beitrag aus Sicht von Ordoliberalismus und Capability-Ansatz / Corporate potentials to fight poverty and foster human development. Ordoliberalismus and Capability Approach perspectives

Abstract

Die Rolle der Wahlfreiheit in der Armutsbekämpfung / The Role of Freedom of Choice in Poverty Alleviation

Abstract

Social Entrepreneurship und Ordnungspolitik: Zur Rolle gesellschaftlicher Change Agents am Beispiel des Kruppschen Wohlfahrtsprogramms / Social Entrepreneurship and Ordnungspolitik

Abstract

Armutsbekämpfung durch Reduktion von Korruption: eine Rolle für Unternehmen? / Fighting poverty by fighting corruption: A task for private enterprise?

Abstract

Ökonomische Vernunft und politische Ethik / Economic Reasoning and the Ethics of Policy

Abstract

Inhalt

Ein rüstiger Jubilar zwischen Markt und Plan

Gelebte Ordnung

Missing Link?

Ein Kommentar zu Timothy Besleys (2006) „Principled Agents?

Wirtschaftsethische Perspektiven VII

Besprechung des von Volker Arnold herausgegebenen gleichnamigen Bandes

Zum Andenken an den unbekannten Dritten der Freiburger Schule

Bemerkungen zur Gedenkschrift für Hans Großmann-Doerth

Der Einfluss des Neoliberalismus auf das Europäische Wettbewerbsrecht 1946-1965

Zu dem gleichnamigen Buch von Milène Wegmann

Globalisierung und Europäisches Sozialmodell

Anmerkungen zum gleichnamigen, von Linzbach u.a. herausgegebenen Sammelband

Scientific Competition

Zu dem gleichnamigen Band herausgegeben von Stefan Voigt, Max Albert, und Dieter Schmidtchen

Verbindlichkeit – Eine kritisch-realistische Bestimmung der Erkenntnis und des Wesens der Gesellschaft

Besprechung des gleichnamigen Buches von Heinrich Stieglitz

Der Treibhausgas-Emissionshandel in evolutionsökonomischer Perspektive

Markt und Wettbewerb in der Sozialwirtschaft

Anmerkungen zu einem von Detlef Aufderheide und Martin Dabrowski herausgegebenen Tagungsband

Ordnungsökonomik – ein überholtes Forschungsprogramm?

Anmerkungen zu dem Buch von Manfred Streit „Wissen, Wettbewerb und Wirtschaftsordnung

Anwendungsorientierte Marktwirtschaftslehre und Neue Politische Ökonomie

Anmerkungen zum gleichnamigen Buch, herausgegeben von Lothar Funk

Internetökonomie – Ein interdisziplinärer Beitrag zur Erklärung und Gestaltung hybrider Systeme

Besprechung des von Heinz Lothar Grob und Jan vom Brocke herausgegebenen gleichnamigen Bandes

Rationierung in der Gesetzlichen Krankenversicherung Deutschlands

Anmerkungen zu dem gleichnamigen Buch von Doris Weissberger

Effizienz oder Wettbewerbsfreiheit?

Besprechung des gleichnamigen Buches von Adrian Künzler

Visionäre Wege aus der Subprime-Krise

Anmerkungen zu einem Buch von Robert J. Shiller

Studien zur evolutorischen Ökonomik IX

Zu dem gleichnamigen Band des Vereins für Socialpolitik, herausgegeben von Wolfgang Kerber

Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History