Ordnungsökonomik als angewandte Wissenschaft. Zur notwendigen Zusammenführung von Theorie und Praxis / Constitutional Economics as an Applied Social Science. About the Essential Combination of Theory and Practice On the

Lenger Alexander and Goldschmidt Nils

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2011, vol. 62, issue 1, 343-364

Abstract: Unfortunately, the significance of constitutional political economy has been on the wane in academic circles. The reasons for this decline can be found, among other things, in the theory-intrinsic conditions of the research program of constitutional economics, which represent an obstacle to the practical economic, social and political implementation of its ideas. This paper analyzes these theoretical components and demonstrates that to overcome these difficulties a dynamic perspective focusing on an enduring agreement between individuals is needed and the concrete and recursive interactions between different levels of action and rules must be taken into account. Subsequently, we discuss the conceptualization of a modern brand of constitutional economics, one that should be developed based on the recognition of social inequality and guided by the idea of inclusion. With this in mind, theory-based constitutional economics should give way to a theory of constitutional political economy grounded in reality and constantly verified in practice.

Date: 2011
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DOI: 10.1515/ordo-2011-0115

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