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In these heady days of ever increasing globalization it has become
vital to question whether governments should be allowed to protect
domestic enterprises from foreign competitors. This book represents
a first attempt to provide a new conceptual basis for discussing
the cases in which free trade should be the option of choice in
trade policy and those in which protectionism should be used. Luder
Gerken expands the economic tool of ordo-liberalism, founded by
Walter Eucken and developed by Friedrich von Hayek, to make it
applicable to foreign trade. With impressive clarity and ingenuity,
Gerken powerfully argues a scientific case for free trade as a best
practice solution to the demands of globalization
In these heady days of ever increasing globalization it has become
vital to question whether governments should be allowed to protect
domestic enterprises from foreign competitors.
This book represents a first attempt to provide a new conceptual
basis for discussing the cases in which free trade should be the
option of choice in trade policy and those in which protectionism
should be used. LA1/4der Gerken expands the economic tool of
ordo-liberalism, founded by Walter Eucken and developed by
Friedrich von Hayek, to make it applicable to foreign trade.
With impressive clarity and ingenuity, Gerken powerfully argues a
scientific case for free trade as a best practice solution to the
demands of globalization
Economists generally accept that competition discloses knowledge,
enhances efficiency and restrains power. However, these effects of
competition have so far been discussed mainly with respect to
economic markets in which firms and households compete within a
given set of institutions, that is within a given legal order. The
question arises whether competition may also have comparable
effects on the institutional level in the sense of competition
among legal orders and thus serve as an antidote to today's
problems. The present book addresses some of the fundamental
aspects associated with institutional competition and identifies
some possible lines for further research on how institutions can
compete to bring about social and economic change.
Economists generally accept that competition discloses knowledge,
enhances efficiency and restrains power. However, these effects of
competition have so far been discussed mainly with respect to
economic markets in which firms and households compete within a
given set of institutions, that is within a given legal order. The
question arises whether competition may also have comparable
effects on the institutional level in the sense of competition
among legal orders and thus serve as an antidote to today's
problems. The present book addresses some of the fundamental
aspects associated with institutional competition and identifies
some possible lines for further research on how institutions can
compete to bring about social and economic change.
Dieses Buch liefert eine umfassende, theoretisch fundierte und
konzeptionelle Basis fur die Beantwortung der Frage, welche
Bereiche der Wirtschafts- und Rechtsordnung der Europaischen Union
auf der zentralen Ebene und welche auf der mitgliedstaatlichen
Ebene geregelt werden sollten. Es gibt damit aktuelle
Entscheidungshilfen im Hinblick auf die Revisionskonferenz
"Maastricht-II" 1996. Fuhrende Vertreter aus Wissenschaft und
Politik befassen sich sowohl mit den ubergreifenden Fragen des
Ordnungswettbewerbs, des Subsidiaritatsprinzips und der
Europaischen Verfassung als auch im Detail mit den Bereichen der
Wirtschafts- und Rechtsordnung, die fur die europaische Integration
von besonderer Bedeutung sind: Wahrungs- und Finanzverfassung,
Wettbewerbsordnung sowie Beschaftigungs-, Forschungs- und
Regionalpolitik.
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