The concept of Ordnungspolitik: rule-based economic policymaking from the perspective of the Freiburg School

Artikel

Should economic policy be guided by rules? In this paper, we take the perspective of the Freiburg School and trace its argument for rule-based Ordnungspolitik back to the roots of the concept. In doing so, will not offer a comprehensive review of the literature, but argue closely along the works of Walter Eucken, whose contributions are central to understanding the founding generation of the Freiburg School. We argue that not having rules is costly and therefore that the main thrust of the Freiburg approach remains valid. Good empirical arguments can be found for pursuing a rule-based Ordnungspolitik in order to avoid the costs of discretionary policymaking. Furthermore, we argue that reliance on stable rules does not incapacitate democratic decision-making. Rules rely on democratic support, and rule-based Ordnungspolitik also leaves substantial material scope for discretionary democratic decision-making.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Public Choice ; ISSN: 1573-7101 ; Year: 2021 ; Pages: 1-18 ; New York, NY: Springer US

Klassifikation und Themen

• Klassifikation: Wirtschaft ; History of Economic Thought through 1925: Historical; Institutional; Evolutionary ; History of Economic Thought since 1925: Historical; Institutional; Evolutionary; Austrian; Stockholm School ; Economic Methodology ; Structure, Scope, and Performance of Government ; Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies ; Comparative Economic Systems: General
• Thema: Ordnungspolitik ; Freiburg school ; Economic orders ; Economic constitutions

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Schnellenbach, Jan
• Ereignis: Veröffentlichung
• (wer): Springer US
• (wo): New York, NY
• (wann): 2021

Weitere Informationen

• DOI: doi:10.1007/s11127-021-00903-z
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ