scholarly journals The Concept of Ordnungspolitik: Rule-Based Economic Policy-Making from the Perspective of the Freiburg School

2021 ◽  
Author(s):  
Jan Schnellenbach
Keyword(s):  
Economic Policy ◽  
Policy Making ◽  
Rule Based ◽  
Freiburg School

scholarly journals The concept of Ordnungspolitik: rule-based economic policymaking from the perspective of the Freiburg School

Public Choice ◽  
2021 ◽  
Author(s):  
Jan Schnellenbach
Keyword(s):  
Decision Making ◽  
Economic Policy ◽  
Review Of The Literature ◽  
Rule Based ◽  
Main Thrust ◽  
Comprehensive Review ◽  
Democratic Support ◽  
Freiburg School ◽  
Economic Policymaking

AbstractShould economic policy be guided by rules? In this paper, we take the perspective of the Freiburg School and trace its argument for rule-based Ordnungspolitik back to the roots of the concept. In doing so, will not offer a comprehensive review of the literature, but argue closely along the works of Walter Eucken, whose contributions are central to understanding the founding generation of the Freiburg School. We argue that not having rules is costly and therefore that the main thrust of the Freiburg approach remains valid. Good empirical arguments can be found for pursuing a rule-based Ordnungspolitik in order to avoid the costs of discretionary policymaking. Furthermore, we argue that reliance on stable rules does not incapacitate democratic decision-making. Rules rely on democratic support, and rule-based Ordnungspolitik also leaves substantial material scope for discretionary democratic decision-making.

scholarly journals Multiparty government and economic policy-making

Public Choice ◽  
2016 ◽  
Vol 170 (1-2) ◽  
pp. 33-62 ◽  
Author(s):  
Hanna Bäck ◽  
Wolfgang C. Müller ◽  
Benjamin Nyblade
Keyword(s):  
Economic Policy ◽  
Policy Making

scholarly journals Testing the Phillips curve in Vietnam

2018 ◽  
Vol 19 (1) ◽  
pp. 52-60
Author(s):  
Dan Van Dang ◽  
Binh Duc Vu
Keyword(s):  
Economic Policy ◽  
Policy Making ◽  
Quantitative Methods ◽  
Phillips Curve ◽  
Economic Planning ◽  
Actual Situation ◽  
Qualitative And Quantitative ◽  
Qualitative And Quantitative Methods ◽  
Socio Economic Development ◽  
The Government

This paper employs qualitative and quantitative methods to test the theory of Philips Curve in Vietnam in the period between 2000 and 2014. The results show that the Philips Curve applies to the actual situation of the Vietnam’s economy, which is useful for both macro-economic planning by the Government and monetary policy making by the State Bank of Vietnam. The paper also suggests implications of an increased application of the Philips Curve to the economic policy management, thereby contributing to the stabilized socio-economic development in Vietnam

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