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Ordnungspolitik heute / “Ordnungstheorie” today

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  • Bernholz Peter

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.

Suggested Citation

  • Bernholz Peter, 2013. "Ordnungspolitik heute / “Ordnungstheorie” today," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 465-474, January.
  • Handle: RePEc:bpj:ordojb:v:64:y:2013:i:1:p:465-474:n:23
    DOI: 10.1515/ordo-2013-0123
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    References listed on IDEAS

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    1. Peter Bernholz, 1995. "Causes of Changes in Political-Economic Regimes," Palgrave Macmillan Books, in: Lüder Gerken (ed.), Competition among Institutions, chapter 3, pages 65-88, Palgrave Macmillan.
    2. Sinn, Hans-Werner, . "The New Systems Competition: YRJÖ Jahnsson Lectures," Monographs in Economics, University of Munich, Department of Economics, number 19614, November.
    3. Peter Bernholz, 2003. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 2873.
    4. Thomas J. Sargent, 1982. "The Ends of Four Big Inflations," NBER Chapters, in: Inflation: Causes and Effects, pages 41-98, National Bureau of Economic Research, Inc.
    5. Robert E. Hall, 1982. "Inflation: Causes and Effects," NBER Books, National Bureau of Economic Research, Inc, number hall82-1.
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