Ordnungspolitik heute / “Ordnungstheorie” today

Bernholz Peter

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2013, vol. 64, issue 1, 465-474

Abstract: Many economists consider “Ordnungstheorie” to be a some what outmoded specific German approach in economics. In this paper it is shown that this is a totally misleading perspective, and that many innovative approaches in economics like Public Choice, Institutional Economics and Law and Economics are in fact belonging to the field of inquiry called “Ordnungstheorie” in German.Moreover, it is demonstrated that a number of damaging developments during the present crisis of financial markets and over indebtedness of states are caused by a neglect of corresponding analyses.

Date: 2013
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DOI: 10.1515/ordo-2013-0123

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