The concept of Ordnungspolitik through the lens of the theory of limited and open access orders

The paper argues that there are certain parallels between the ideas of ordoliberalism and the framework of limited and open access order (LAO/OAO) as developed by North, Wallis, Webb and Weingast (NWWW): Both approaches focus on the “interdependence of orders”, and both share an emphasis on state ca...

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Bibliographic Details
Published in:Constitutional political economy 2015-03, Vol.26 (1), p.4-18
Main Author: Zweynert, Joachim
Format: Article
Language:English
Subjects:
Access to information
Constitutional Law
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Germany
Institutions
International
Liberalism
Market economies
Open access
Opinion
Original Paper
Policy making
Political power
Political Science
Political Science and International Relations
Political Science and International Studies
Political theory
Politics
Reform
Rule of law
Society
Studies
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Summary:The paper argues that there are certain parallels between the ideas of ordoliberalism and the framework of limited and open access order (LAO/OAO) as developed by North, Wallis, Webb and Weingast (NWWW): Both approaches focus on the “interdependence of orders”, and both share an emphasis on state capacity in processes of social transition. I also argue that the ideas of the ordoliberals might give impulses for the further development of the LAO/OAO research agenda. Firstly, whereas NWWW mainly deal with the transition process from LAO to OAO, the members of the Freiburg school intensely dealt with the danger that an OAO might revert into an LAO. Accordingly, they spent much effort on developing policy proposals that aimed at preventing such a ‘re-feudalisation’ (Franz Böhm) of society. Secondly, especially when it came to the issue of accomplishing reforms, they also considered the role of informal institutions and beliefs, a topic somewhat neglected in the LAO/OAO-framework in its present form.
ISSN:1043-4062
1572-9966
DOI:10.1007/s10602-014-9173-z