Endogenous Power and Crises of the Liberal Order
The liberal order is conceptualized as an artificial public good of higher order associated with nondiscriminatory provision of first-order public goods such as security and stability of possession. Problems of the liberal order and of liberalism as a political force are explained as a combined result of political challenges endogenously emerging in the economic sphere (including modern phenomena such as incomplete contracts, network externalities, and asymmetries specifically relevant in the digital economy), intertwined with problematic political reactions. There is no robust algorithm for coping with ensuing vicious circles of economic power and shadow politics, due to the intricacies of institutional adaptations required for maintaining the basic architecture of the liberal order under changing circumstances. Conclusions are offered with regard to current challenges of protectionist populism.
- Standort
-
Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
-
Online-Ressource
- Sprache
-
Englisch
- Erschienen in
-
Endogenous Power and Crises of the Liberal Order ; volume:139 ; number:2-4 ; year:2019 ; pages:385-406
Journal of contextual economics ; 139, Heft 2-4 (2019), 385-406
- Urheber
-
Sturn, Richard
- DOI
-
10.3790/schm.139.2-4.385
- URN
-
urn:nbn:de:101:1-2023011918495630462412
- Rechteinformation
-
Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
-
15.08.2025, 07:32 MESZ
Datenpartner
Deutsche Nationalbibliothek. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Beteiligte
- Sturn, Richard
Ähnliche Objekte (12)
Endogenous Power and Crises of the Liberal Order
Monetary policy and endogenous financial crises
Monetary policy and endogenous financial crises
Climate Minsky moments and endogenous financial crises
Bank Capital Regulation and Endogenous Shadow Banking Crises
Order, displacements and recurring financial crises
Endogenous limits on proposal power
Estimating macroeconomic models of financial crises: An endogenous regime-switching approach
Optimal Trade Execution under Endogenous Order Flow
Endogenous technological change in power markets
Sowing the Seeds of Financial Crises: Endogenous Asset Creation and Adverse Selection
Crises, what crises?
Endogenous Power and Crises of the Liberal Order
Monetary policy and endogenous financial crises
Monetary policy and endogenous financial crises
Climate Minsky moments and endogenous financial crises
Bank Capital Regulation and Endogenous Shadow Banking Crises
Order, displacements and recurring financial crises
Endogenous limits on proposal power
Estimating macroeconomic models of financial crises: An endogenous regime-switching approach
Optimal Trade Execution under Endogenous Order Flow
Endogenous technological change in power markets
Sowing the Seeds of Financial Crises: Endogenous Asset Creation and Adverse Selection
Crises, what crises?
Endogenous Power and Crises of the Liberal Order
Monetary policy and endogenous financial crises
Monetary policy and endogenous financial crises
Climate Minsky moments and endogenous financial crises
Bank Capital Regulation and Endogenous Shadow Banking Crises
Order, displacements and recurring financial crises
Endogenous limits on proposal power
Estimating macroeconomic models of financial crises: An endogenous regime-switching approach
Optimal Trade Execution under Endogenous Order Flow
Endogenous technological change in power markets
Sowing the Seeds of Financial Crises: Endogenous Asset Creation and Adverse Selection