Politikwissenschaft

Am von in der Kategorie Publikationen.

The paper is organized as follows. Section 2 looks at the principal tenets of the social contract tradition. Section 3 reviews the 18th century origins of the “invisible hand” paradigm as the theoretical core of the economics tradition. Section 4 examines the limits of invisible hand accounts, specifically with regard to the problems posed by social dilemmas. Section 5 deals with the modern revival of social contract theory. Section 6 looks specifically at the contractarian constitutionalism of James Buchanan, the economist among the “new contractarians.” The concluding section relates the contrast between the invisible hand paradigm and social contract theory to the distinction between the “two kinds of order”, spontaneous orders and corporate orders, that plays a central role in F.A. Hayek’s work.

Am von in der Kategorie Publikationen.

The „UsedSoft“ decision of the Court of Justice of the European Union (CJEU) about the right of a buyer of a downloaded copy of a software to resell this copy triggered a controversial discussion about the applicability of the „exhaustion“ rule (US: first-sale doctrine) to Copyright protected digital goods (as, e.g., also e-books). This paper offers, in a first step, a systematic analysis and assessment of economic reasonings that have been discussed in the literature about exhaustion, and applies this framework, in a second step, to downloaded digital creative works.

Am von in der Kategorie Publikationen.

A great transformation is more than a cluster of reforms and also more than a mere transition between regimes. A sufficiently clear and specific conception of a great transformation not only yields a convenient shorthand term for comprehensive change, but also may contribute to asking the right questions regarding theoretical challenges and practical difficulties associated with comprehensive change.

Am von in der Kategorie Publikationen.

This paper provides a comprehensive survey of the contributions of the Austrian school of economics, with specific emphasis on post-WWII developments. After looking back, we review the contemporary development of the Austrian school and, in doing so, discuss the tensions, alternative paths, and the promising future of Austrian economics.