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The Economic Tradition and the Problem of Social Order: Hans Albert’s Critique of Welfare Economics and the Perspective of Constitutional Political Economy

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  • Viktor J. Vanberg

    (Walter Eucken Institut)

Abstract

The paper discusses Hans Albert’s ambivalent relation to economics, his rejection of its neoclassical version and his approval of its classical tradition. Against this background it examines Albert’s critique of welfare economics, contrasting his arguments with the outlook of constitutional political economy.

Suggested Citation

  • Viktor J. Vanberg, 2022. "The Economic Tradition and the Problem of Social Order: Hans Albert’s Critique of Welfare Economics and the Perspective of Constitutional Political Economy," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 83-111, October.
    • Handle: RePEc:spr:homoec:v:39:y:2022:i:1:d:10.1007_s41412-021-00106-3
    DOI: 10.1007/s41412-021-00106-3
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    References listed on IDEAS

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    1. James Buchanan, 1995. "The metamorphosis of John Gray," Constitutional Political Economy, Springer, vol. 6(3), pages 293-295, October.
    2. Buchanan, James M, 1987. "The Constitution of Economic Policy," American Economic Review, American Economic Association, vol. 77(3), pages 243-250, June.
    3. Vanberg, Viktor J., 2005. "Market and state: the perspective of constitutional political economy," Journal of Institutional Economics, Cambridge University Press, vol. 1(1), pages 23-49, June.
    4. Hans Albert, 2006. "Die ökonomische Tradition und die Verfassung der Wissenschaft," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(s1), pages 113-131, May.
    5. Viktor J. Vanberg, 2020. "J. M. Buchanan’s contractarian constitutionalism: political economy for democratic society," Public Choice, Springer, vol. 183(3), pages 339-370, June.
    6. Hans Albert, 2010. "The economic tradition and the constitution of science," Public Choice, Springer, vol. 144(3), pages 401-411, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Critical rationalism; Political economy; Welfare economics; Social technology;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching
    • B - Schools of Economic Thought and Methodology
    • D - Microeconomics
    • H - Public Economics

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