Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Freedom and Economic Power: Neglected Aspects of Walter Eucken′s Work

Freedom and Economic Power: Neglected Aspects of Walter Eucken′s Work Argues that different elements in Eucken′s work have had insufficient attention in post‐war Germany, in science as well as in political practice. In Eucken′s thinking, order (especially order in the economic and political field and the interconnection between them) is the central concept. In politics, insufficient attention was paid to the interdependence between the different orders, and the balance of freedom and power. Politics was characterized by pragmatism. A principal decision in favour of the Wettbewerbsordnung (an economic order based on competition), advocated by Eucken, was never made. This was expressed in insufficient fighting against the formation of economic power (competition policy) and in a neglect of the environment. Compares the social philosophies of Eucken and Hayek. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Freedom and Economic Power: Neglected Aspects of Walter Eucken′s Work

Irene Oswalt‐Eucken
Journal of Economic Studies , Volume 21 (4): 8 – Aug 1, 1994
Download PDF
8 pages

Loading next page...
 
/lp/emerald-publishing/freedom-and-economic-power-neglected-aspects-of-walter-eucken-s-work-MVHxBt597S

References (16)

Publisher
Emerald Publishing
Copyright
Copyright © 1994 MCB UP Ltd. All rights reserved.
ISSN
0144-3585
DOI
10.1108/01443589410070770
Publisher site
See Article on Publisher Site

Abstract

Argues that different elements in Eucken′s work have had insufficient attention in post‐war Germany, in science as well as in political practice. In Eucken′s thinking, order (especially order in the economic and political field and the interconnection between them) is the central concept. In politics, insufficient attention was paid to the interdependence between the different orders, and the balance of freedom and power. Politics was characterized by pragmatism. A principal decision in favour of the Wettbewerbsordnung (an economic order based on competition), advocated by Eucken, was never made. This was expressed in insufficient fighting against the formation of economic power (competition policy) and in a neglect of the environment. Compares the social philosophies of Eucken and Hayek.

Journal

Journal of Economic Studies – Emerald Publishing

Published: Aug 1, 1994

Keywords: Competition; Economic theory; Germany; Ordo School; Social economics; Social market economy

There are no references for this article.