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The Austrian School of Economics and Ordoliberalism – Socio-Economic Order
| Content Provider | Scilit |
|---|---|
| Author | Jurczuk, Anna Moszyński, Michał Pysz, Piotr |
| Copyright Year | 2019 |
| Abstract | The scientific aim of the paper is to juxtapose the views on economic order developed by the leading representatives of two schools of liberal thinking – German ordoliberal Walter Eucken and the Austrian economist Friedrich August von Hayek. The first scholar opted for deliberately constructed competitive economic order, the second one advocates for allowing the social institutions to emerge and evolve spontaneously. The analysis proves the similarity of both theories in regard to the significance of principles of an economic order and the importance of competition for maintaining individual freedom. On the other hand some differences in the areas of sources of rules, institutional change, and the role of the state, induce their complementarity. Developing an intellectual basis for economic policy requires an eclectic approach combining two analysed perspectives. |
| Related Links | https://content.sciendo.com/downloadpdf/journals/slgr/57/1/article-p105.pdf |
| Ending Page | 121 |
| Page Count | 17 |
| Starting Page | 105 |
| ISSN | 0860150X |
| e-ISSN | 21996059 |
| DOI | 10.2478/slgr-2019-0007 |
| Journal | Studies in Logic, Grammar and Rhetoric |
| Issue Number | 1 |
| Volume Number | 57 |
| Language | English |
| Publisher | Walter de Gruyter GmbH |
| Publisher Date | 2019-03-01 |
| Access Restriction | Open |
| Subject Keyword | Studies in Logic, Grammar and Rhetoric History and Philosophy of Science School Competitive Economic Order Two Developing Intellectual Basis German Ordoliberal Journal: Studies in Logic, Grammar and Rhetoric, Vol- 57, Issue- 1 |
| Content Type | Text |
| Resource Type | Article |
| Subject | Philosophy |
