IDEAS home Printed from https://ideas.repec.org/a/bpj/ordojb/v55y2004i1p127-152n9.html
   My bibliography  Save this article

Recht, Eigentum und Effizienz: Zu F. A. v. Hayeks Verfassung der Freiheit

Author

Listed:
  • Schmidtchen Dieter

Abstract

This paper (1) investigates Hayek’s proposition that law in the sense of universal rules of conduct and property are the only solution to the problem of reconciling individual freedom with the absence of conflict. It (2) argues that the test of the compatibility with the inherited body of law as a guide line for the evolution of judge made law, basically comes down to the principle of “Ordnungskonformität” originating from W. Röpke. It (3) interprets Hayek’s “law of liberty” in Coase an terms and advances the contention that efficiency is the only workable criterion for the specification and allocation of property rights. It (4) delivers evidence that Hayek - despite his admiration of the create powers of spontaneous orders - makes out a case for government intervention. Finally, the paper discusses Hayek’s interpretation of the Rule of Law.

Suggested Citation

  • Schmidtchen Dieter, 2004. "Recht, Eigentum und Effizienz: Zu F. A. v. Hayeks Verfassung der Freiheit," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 55(1), pages 127-152, January.
    • Handle: RePEc:bpj:ordojb:v:55:y:2004:i:1:p:127-152:n:9
    DOI: 10.1515/ordo-2004-0109
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/ordo-2004-0109
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/ordo-2004-0109?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Smith, Vernon L, 1982. "Markets as Economizers of Information: Experimental Examination of the "Hayek Hypothesis"," Economic Inquiry, Western Economic Association International, vol. 20(2), pages 165-179, April.
    3. Kirstein Roland & Schmidtchen Dieter, 2002. "Eigennutz als Triebfeder des Wohlstands - die invisible hand im Hörsaal-Experiment sichtbar gemacht," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 53(1), pages 227-240, January.
    4. Vanberg, Viktor J., 1981. "Liberaler Evolutionismus oder vertragstheoretischer Konstitutionalismus?," Beiträge zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 80, number urn:isbn:9783163444119, December.
    5. Schmidtchen, Dieter, 1983. "Property Rights, Freiheit und Wettbewerbspolitik," Beiträge zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, number urn:isbn:9783163446304, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schmidtchen Dieter, 2008. "Wettbewerbsfreiheit oder Effizienz? / Freedom for competition or efficiency?: Zur Zweisamkeit von Recht und Ökonomie im Bereich der Wettbewerbspolitik," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 143-184, January.
    2. Oberender Peter & Zerth Jürgen, 2006. "Soziale Ziele und marktwirtschaftliches Gesundheitswesen - schlußendlich kein Gegensatz! Anmerkungen zum Spannungsfeld von Wettbewerbspolitik und Sozialrecht / Social claims and liberal health care re," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 57(1), pages 261-284, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schmidtchen Dieter, 2006. "Wettbewerbsschutz durch regelgeleitete Wettbewerbspolitik – Anmerkungen zum institutionenökonomisch-evolutionären Wettbewerbsleitbild / Protecting competition by a rule governed policy – Remarks on th," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 57(1), pages 165-189, January.
    2. Dieter Schmidtchen, "undated". "Wettbewerbsfreiheit, Per se Verbote und die Rule of Reason – Anmerkungen zum institutionenökonomisch-evolutionären Wettbewerbsleitbild
      Freedom to compete, per se rules and the rule of reason – Re      ," German Working Papers in Law and Economics 2006-1-1159, Berkeley Electronic Press.
    3. Schmidtchen Dieter, 2008. "Wettbewerbsfreiheit oder Effizienz? / Freedom for competition or efficiency?: Zur Zweisamkeit von Recht und Ökonomie im Bereich der Wettbewerbspolitik," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 143-184, January.
    4. Schmidtchen, Dieter, 2004. "Recht, Eigentum und Effizienz: Zu F. A. v. Hayeks Verfassung der Freiheit," CSLE Discussion Paper Series 2004-07, Saarland University, CSLE - Center for the Study of Law and Economics.
    5. Schmidtchen, Dieter, 2006. "Wettbewerbsfreiheit, Per se Verbote und die Rule of Reason: Anmerkungen zum institutionenökonomisch-evolutionären Wettbewerbsleitbild," CSLE Discussion Paper Series 2006-04, Saarland University, CSLE - Center for the Study of Law and Economics.
    6. Schmidtchen, Dieter, 2006. "Wettbewerbsschutz durch regelgeleitete Wettbewerbspolitik: Anmerkungen zum institutionenökonomisch-evolutionären Wettbewerbsleitbild," CSLE Discussion Paper Series 2006-10, Saarland University, CSLE - Center for the Study of Law and Economics.
    7. Wegehenkel Lothar & Walterscheid Heike, 2008. "Rechtsstruktur und Evolution von Wirtschaftssystemen – Pfadabhängigkeit in Richtung Zentralisierung? / The Structure of Property Rights and the Evolution of Economic Systems – Path Independences leadi," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 313-342, January.
    8. Persson, Torsten & Tabellini, Guido, 2002. "Political economics and public finance," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 3, chapter 24, pages 1549-1659, Elsevier.
    9. Qiuyue Xia & Lu Li & Jie Dong & Bin Zhang, 2021. "Reduction Effect and Mechanism Analysis of Carbon Trading Policy on Carbon Emissions from Land Use," Sustainability, MDPI, vol. 13(17), pages 1-22, August.
    10. Frans P. Vries & Nick Hanley, 2016. "Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation: A Review," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(4), pages 687-702, April.
    11. Usher, Dan, 2001. "Personal goods, efficiency and the law," European Journal of Political Economy, Elsevier, vol. 17(4), pages 673-703, November.
    12. George Tridimas & Stanley L. Winer, 2018. "On the Definition and Nature of Fiscal Coercion," Carleton Economic Papers 18-09, Carleton University, Department of Economics.
    13. Mario Jametti & Thomas von Ungern-Sternberg, 2005. "Assessing the Efficiency of an Insurance Provider—A Measurement Error Approach," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 30(1), pages 15-34, June.
    14. Stephanie Rosenkranz & Patrick W. Schmitz, 2007. "Can Coasean Bargaining Justify Pigouvian Taxation?," Economica, London School of Economics and Political Science, vol. 74(296), pages 573-585, November.
    15. Stefan Ambec & Yann Kervinio, 2016. "Cooperative decision-making for the provision of a locally undesirable facility," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(1), pages 119-155, January.
    16. Liu, Duan & Yu, Nizhou & Wan, Hong, 2022. "Does water rights trading affect corporate investment? The role of resource allocation and risk mitigation channels," Economic Modelling, Elsevier, vol. 117(C).
    17. Valcu-Lisman, Adriana & Weninger, Quinn, 2012. "Markov-Perfect rent dissipation in rights-based fisheries," ISU General Staff Papers 201209260700001037, Iowa State University, Department of Economics.
    18. Hausknost, Daniel & Grima, Nelson & Singh, Simron Jit, 2017. "The political dimensions of Payments for Ecosystem Services (PES): Cascade or stairway?," Ecological Economics, Elsevier, vol. 131(C), pages 109-118.
    19. Roland Kirstein & Matthias Peiss, 2013. "Quantitative Machtkonzepte in der Ökonomik," FEMM Working Papers 130004, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    20. Kurtis Swope & Ryan Wielgus & Pamela Schmitt & John Cadigan, 2011. "Contracts, Behavior, and the Land-assembly Problem: An Experimental Study," Research in Experimental Economics, in: Experiments on Energy, the Environment, and Sustainability, pages 151-180, Emerald Group Publishing Limited.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:ordojb:v:55:y:2004:i:1:p:127-152:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.