The Proper Scope of Government Viewed from an Ordoliberal Perspective: The Example of Competition Policy
The paper focuses on competition policy, which is at the center of ordoliberal thinking. Important characteristics are the emphasis on individual freedom, from which the goal of economic efficiency is merely derived; the strong role for the state in the preservation of the prerequisites of competition, combined with a reserve towards intervention by government in market prices; the rule of law rather than discretionary decisions; and the embedding in the economic order of a free and open society. Other views (impossibility of competition, uselessness of competition law, selective intervention) are contrasted in order to explain these characteristics.
Volume (Year): 157 (2001)
Issue (Month): 1 (March)
|Contact details of provider:|| Web page: http://www.mohr.de/jite|
|Order Information:|| Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany|
When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(200103)157:1_3:tpsogv_2.0.tx_2-u. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Wolpert)
If references are entirely missing, you can add them using this form.