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Die Überwindung des wirtschaftlichen Ordnungsproblems: Reichweite und Grenzen von unterschiedlichen Ordnungstheorien

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  • Stephan Märkt

Abstract

Economic theory has neglected the Hobbesian problem of order for a long time. Since the emergence of New Institutional Economics this has changed. The article discusses scope and limits of game theory, constitutional economics and Douglass C. North’s institutional economics refer to their explanation of economic order. They will be compared with Max Weber’s theory of order, a classic in social theory. Finally it will be demonstrated that the theoretical integration of these four approaches to a comprehensive theory of order is possible even though there are a number of unsolved problems.

Suggested Citation

  • Stephan Märkt, 2004. "Die Überwindung des wirtschaftlichen Ordnungsproblems: Reichweite und Grenzen von unterschiedlichen Ordnungstheorien," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 124(1), pages 61-94.
    • Handle: RePEc:aeq:aeqsjb:v124_y2004_i1_q1_p61-94
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    More about this item

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • D0 - Microeconomics - - General
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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