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The Dahrendorf hypothesis and its implications for (the theory of) economic policy-making

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  • Jan Schnellenbach

Abstract

The sociologist R. Dahrendorf has recently suggested that there is no and there ought to be no convergence of economic policies towards some common ideal model. On the contrary, he states that 'diversity is […] at the very heart of a world that has abandoned the need for closed, encompassing systems'. It is shown in this paper that the Dahrendorf hypothesis is difficult to reconcile with orthodox economic approaches to economic policy-making. A perspective on policy-making that introduces either fundamental uncertainty or endogenous policy preferences or both is, however, shown to be consistent with the Dahrendorf hypothesis. Copyright 2005, Oxford University Press.

Suggested Citation

  • Jan Schnellenbach, 2005. "The Dahrendorf hypothesis and its implications for (the theory of) economic policy-making," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 997-1009, November.
  • Handle: RePEc:oup:cambje:v:29:y:2005:i:6:p:997-1009
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    Cited by:

    1. Aviel Verbruggen, 2011. "Preparing the design of robust climate policy architectures," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(4), pages 275-295, November.
    2. Golobic, Mojca & Marot, Naja, 2011. "Territorial impact assessment: Integrating territorial aspects in sectoral policies," Evaluation and Program Planning, Elsevier, vol. 34(3), pages 163-173, August.
    3. Schnellenbach, Jan & Schubert, Christian, 2015. "Behavioral political economy: A survey," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
    4. Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..

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