Am von in der Kategorie Publikationen.

This book argues that the work of the Austrian economists, including Carl Menger, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek, has been too narrowly interpreted. Through a study of Viennese politics and culture, it demonstrates that the project they were engaged in was much broader: the study and defense of a liberal civilization. Erwin… Read more »

Am von in der Kategorie Publikationen.

Heterarchy is a complex adaptive system of governance, an order with more than one governing principle. Heterarchies include elements of hierarchies and networks, but in a number of important ways, heterarchies are different from both of these systems of governance. The model of heterarchical governance is like plate tectonics: mutually self-contained orders with unclear hierarchies… Read more »

Am von in der Kategorie Publikationen.

This chapter demonstrates the way in which an economic rationality of state support for the arts was developed in the 1970’s and 80’s by analyzing three crucial debates between economists of the arts and others. It is argued that the economists of the arts sought to provide a more solid foundation for specific state policies… Read more »

Am von in der Kategorie Publikationen.

The paper investigates the fiscal effects of Swiss cantonal debt brakes by taking explicitly into account the rules’ coverage. An in-depth analysis provides unique evidence that suggests the following: First, fiscal rules reduce public deficits. The effect is stronger the better the analyzed budget position corresponds with the variable targeted by the rules. Second, cantonal… Read more »

Am von in der Kategorie Publikationen.

Most countries pay substantial intergovernmental transfers to poor regions with the aim of achieving regional convergence. Consequently, transfers should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate underdevelopment. This paper studies empirically the effect of intergovernmental transfers on economic growth with a panel of West German states over… Read more »

Am von in der Kategorie Publikationen.

We analyse the effects of a credible no-bailout policy and stringent sub-national fiscal rules on the risk premia of Swiss sub-national government bonds in the period from 1981 to 2007. In July 2003, the Swiss Supreme Court decided that the canton of Valais is not liable for municipal debt. This landmark decision reduced cantonal risk… Read more »

Am von in der Kategorie Publikationen.

We analyze the sustainability of public finances in the 16 states (Länder) of the Federal Republic of Germany, using an unprecedentedly comprehensive fiscal data set covering the period from 1950 to 2011 for West German Länder and from 1991 to 2011 for East German Länder. We extend the existing literature in that we apply unit-root… Read more »

Am von in der Kategorie Publikationen.

Neoliberals are known to oppose agricultural protectionism. In Switzerland, however, a member of the neoliberal Mont Pelerin Society was responsible for pushing forward the highly protectionist agricultural policy of the postwar years. Drawing on newly available archival sources, this article illustrates the endeavours of the director of the Swiss Business Federation Gerhard Winterberger (1922–93) in… Read more »