Arbeitspapier
The concept of a world economic order
This paper studies the concept of an international economic order, i.e. an institutional arrangement of international rules. Such rules emerge from negative experiences – historical disasters – that inflict severe hardship on people. A taxonomy for rules reducing transaction costs is developed, for instance through decentralization of decisions, property rights, territoriality and the internalization of border-crossing negative externalities and mechanisms for global public goods. Some aspects of the rule system are studied including the process of ceding sovereignty and philosophical thoughts on international rules.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1392
- Klassifikation
-
Wirtschaft
Relation of Economics to Other Disciplines
International Economic Order and Integration
Economic Integration
Law and Economics: General
Economic History: General
Economic Systems: General
- Thema
-
Transaction costs
Welfare gains of rules
Property rights
Hierarchy of rules
Concept of order
Freiburg school
International rules
Weltwirtschaftsordnung
Internationales Wirtschaftsrecht
Transaktionskosten
Wohlfahrtseffekt
Ordoliberalismus
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Siebert, Horst
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Siebert, Horst
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2008
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