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Markt und Staat in einer globalisierten Welt: Die ordnungsökonomische Perspektive / Market and state in a globalized world: the perspective of constitutional economics

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  • Vanberg Viktor J.

Abstract

This article examines how the process of globalization affects the legal-institutional foundations of markets and states. Its main thesis is that globalization demands a stricter distinction between two different functions of the state, functions that have traditionally not been clearly separated. The first is the role of the state as the joint enterprise of its citizens, i.e. as the agency through which citizens provide themselves with public services. The second is its role as a ‘territorial enterprise,’ i.e. as the agency through which citizens define and enforce the legal-institutional terms under which economic and other agents, citizens as well as non-citizens, may operate within its jurisdiction. Making this distinction has important implications for taxation and regulation.

Suggested Citation

  • Vanberg Viktor J., 2008. "Markt und Staat in einer globalisierten Welt: Die ordnungsökonomische Perspektive / Market and state in a globalized world: the perspective of constitutional economics," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 59(1), pages 3-30, January.
    • Handle: RePEc:bpj:ordojb:v:59:y:2008:i:1:p:3-30:n:4
    DOI: 10.1515/ordo-2008-0104
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    References listed on IDEAS

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    1. Albert Breton & Heinrich Ursprung, 2002. "Globalization, Competitive Governments, and Constitutional Choice in Europe," Palgrave Macmillan Books, in: Henryk Kierzkowski (ed.), Europe and Globalization, chapter 13, pages 274-301, Palgrave Macmillan.
    2. Xavier Sala-i-Martin, 2006. "The World Distribution of Income: Falling Poverty and … Convergence, Period," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 351-397.
    3. Vanberg, Viktor J., 2005. "Das Paradoxon der Marktwirtschaft: Die Verfassung des Marktes und das Problem der "sozialen Sicherheit"," Freiburg Discussion Papers on Constitutional Economics 05/5, Walter Eucken Institut e.V..
    4. Charles B. Blankart, 2002. "Steuern als Preise - Eine finanzwissenschaftliche Untersuchung mit einer Anwendung auf die EU-Zinsbesteuerung," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 138(I), pages 19-38, March.
    5. Charles B. Blankart, 2002. "A Public Choice View of Tax Competition," Public Finance Review, , vol. 30(5), pages 366-376, September.
    6. Vanberg, Viktor J., 2005. "Market and state: the perspective of constitutional political economy," Journal of Institutional Economics, Cambridge University Press, vol. 1(1), pages 23-49, June.
    7. Vanberg, Viktor J., 1981. "Liberaler Evolutionismus oder vertragstheoretischer Konstitutionalismus?," Beiträge zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 80, number urn:isbn:9783163444119, December.
    8. Abba P. Lerner, 1957. "The Backward-leaning Approach to Controls," Journal of Political Economy, University of Chicago Press, vol. 65(5), pages 437-437.
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