In this paper, Christian Schubert elaborates on the political economy driving the implementation of „nudges“ by self-interested (and possibly boundedly rational) policy makers and bureaucrats.
This paper explores the four decades of intellectual relationship between the Austrian School economist Ludwig von Mises (1881-1973) and two major representatives of German ordoliberalism, Walter Eucken (1891-1950) and Wilhelm Röpke (1899-1966). The timespan covered starts in the early 1920s and terminates with Röpke’s passing in 1966. The central goal of the paper is to provide a more nuanced understanding of the reasons for the hostile climate and the confrontation patterns than earlier narratives in secondary literature.
Nationalisme, libéralisme et post-modernité.
This is the first-ever English translation of an 1891 essay by Carl Menger published in the most important newspaper of the Habsburg Empire, the Neue Freie Presse. Menger writes the piece as a defense of classical political economy in general and of Adam Smith in particular, focusing on misinterpretations of Smith’s work by the Younger Historical School in Germany.
Wenn es ein einfaches Zurück zur alten Ordnungsökonomik nicht geben kann, wie könnte dann eine Neue Ordnungsökonomik aussehen, die auch explizit an internationale Diskurse anschließt, sich aber gleichzeitig in der Tradition Euckens, Böhms und Röpkes sieht?
Adam Smith famously argued that increased competition in religion would result in more religious tolerance and that the benefits of competition in the marketplace would also be seen in religious instruction when many religious sects are tolerated. We use a cross-section of a maximum of 167 countries to explore whether increased religious competition results in less governmental regulation of religion and less governmental favoritism of religion.
This paper analyses the role of Lord Robbins’ definition of economics (RDE) emphasizing scarcity and choice, as well as its usefulness for clarifying the foundations of contextual economics.
Dr. Karen Horn has interviewed Israel M. Kirzner for the academic journal Perspektiven der Wirtschaftspolitik. An English-language version has now been published by the online magazine CapX. Here is Kirzner’s take on neoclassical economics: „For neoclassicals, the entrepreneurial element is a nuisance, a pest, something they would wish to eliminate because it makes it difficult or in fact impossible for them to derive clear results.“