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The purpose of this book is to reconsider economic liberalism from
the viewpoint of political liberalism. The author argues that
advocates of economic liberalism largely overlook empirical
political preferences which, in many societies, go far beyond a
limited role of the state. Recent difficulties of reforming the
welfare state provide evidence that political preferences are at
odds with liberal economic policy in numerous cases. This fact
challenges a political conception which demands a limited state
role but also claims that citizens' preferences 'as they are'
should determine the content of policies. Using an evolutionary
perspective on economic liberalism, the book develops new arguments
about how economic liberalism can be brought into line with
political liberalism. Drawing on an evolutionary theory of markets,
Gerhard Wegner reinforces the claim that liberal economic policies
are conducive to prosperity in society, but he argues that the
liberal promise of prosperity does not translate into corresponding
political preferences on the part of citizens. A tension between
political and economic liberalism arises which lies at the centre
of this book. Political Failure by Agreement will strongly appeal
to postgraduate students and researchers of global governance,
political theory, political economy and institutional economics.
This important book analyses evolutionary approaches to economic
policy. Its main purpose is to explore the policy implications of
evolutionary economics, in particular of approaches inspired on the
one hand by Schumpeter and revived by Nelson and Winter which deal
with industrial evolution under constant institutions and, on the
other hand, of approaches inspired by Hayek and North, which
analyse the ways in which institutions themselves evolve. Hitherto
evolutionary economists have paid little attention to policy
issues, and the relatively few policy implications that they have
produced are divergent. Whereas the Neo-Schumpeterian approach has
often been used to support political interventions, the Hayekian
viewpoint holds that economic policy detracts from economic
performance. More systematic evolutionary analysis of economic
policy is required if these one-sided findings are to be
transcended. Furthermore, such analysis can be expected to develop
a coherent theory of economic policy which will plug the gaps and
rectify the errors (such as approval of socialist planning and
Japanese industrial policies) of both neoclassical and alternative
approaches to policy. Evolutionary economists and policy analysts
will find this book of great interest, as will economists and
students of economics who are interested in enlarging their views
with excursions outside the standard curriculum.
Inherent to a reflective liberalism are its many requirements and
preconditions. It demands that personal liberties and public
welfare be preserved simultaneously; that the responsibility to
self-determine and the ever-expanding social structures of the
community be realized concurrently. The theory avoids the overly
severe and restrictive social implications and is geared toward
plurality and candor. Self-actualization and endogeneity in
conjuncture with subsidiarity remain the most important generators
for creative interaction.
In the debate surrounding system competition the question is posed
regarding whether the competition among nation states for mobile
resources is generally desirable or whether it represents a
dubious, undesirable trend in the socioeconomic political order.
The work discusses matters of system competition, and in
particular, whether and in which fields the system competition
needs supranational regulations, which in turn channel the
competitive processes in a more desirable manner.
The present book is the account of a workshop on Integrated Optics
and Micro-Optics with Polymers held in spring 1992 at Mainz and
organized by IMM Institute of Microtechnology GmbH, the Max Planck
Institute of Poly mer Research, and the Institute of Applied
Physics of Friedrich Schiller University at Jena. The field of
Integrated Optics and Micro-Optics with Polymers is receiving
growing interest from multiple sides. Among the important reasons
are the potential of tailoring materials for a specific
application, the easy and cheap availability of those materials,
and the possibilities of mass fabrica tion with plastiCS.
Accordingly, materials researchers, microtechnologists, process
engineers, and device builders are active in this field. Their
interest is fed from prospective applications of integrated or
micro-optical devices and systems in telecommunication, sensors,
optical switching and routing, and, in a more distant future,
optical processing. The workshop succeeded to bring together more
than 130 experimenta lists and theorists, physicists and chemists,
device developers and users, materials researchers and process
engineers, as well as polymer scien tists and those dealing with
anorganic materials, coming from industry, research institutes, and
universities."
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