Am von in der Kategorie Publication.

In diesem Artikel wird unter besonderer Berücksichtigung der Schriften von Friedrich August von Hayek und seines intellektuellen Umfelds verdeutlicht, inwiefern auf die Forderung nach Integration (oder auch Assimilation oder gar Schutz der bestehenden Kultur) der Vorwurf des „Konstruktivismus“ zutrifft, den Hayek den Verfechtern der Planwirtschaft macht. Weiterhin soll begründet werden, warum in einer Offenen (Karl Popper) oder der Großen (Hayek) Gesellschaft auf eine Steuerung von Verhaltensweisen, Lebensgewohnheiten und ähnlichem verzichtet werden sollte, und weshalb die spontane Ordnung auch außerhalb der Sphäre des Ökonomischen das erfolgreichste Modell zur Entwicklung einer Gesellschaft ist.

Am von in der Kategorie Publication.

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.

Am von in der Kategorie Publication.

We develop a model of insurrection markets and integrate the youth bulge as measured by the relative youth cohort size. As youth-specific characteristics we define the young person’s attitude toward revolutionary groups and the government, the degree of risk aversion and the relative productivity of young people on the insurrection market as compared to the official labor market.

Am von in der Kategorie Publication.

The paper analyzes the political economy of capitalist transformation in nineteenth century Germany. The emergence of capitalism after 1806 gives an example that economic freedom can precede political freedom, leaving the political power of the “dominant coalition” intact. The paper argues that the German capitalist transformation was instigated by competition among the European states. Primarily it was conducive to the monopolization of the coercive power of the state. As a result competition among the states drove a wedge between the interests of the monarch and his supporting dominant coalition (landed gentry). The increasingly independent public administration in Prussia which was influenced by Adam Smith’s liberal ideas organized a political bargain which established economic freedom in various sectors but took the economic interests of the landed gentry into account. In various aspects the sweeping institutional change was Pareto-superior for groups, which made capitalism also acceptable for the elite group.