Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301002 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
LEF PAPERS on Economy and Society No. 1-24
Publisher: 
Ludwig-Erhard-Forum für Wirtschaft und Gesellschaft (LEF), Berlin
Abstract: 
This paper pursues two goals. First, to reflect on how historical Ordnungsökonomik (Economics of Order) illuminates the politico-economic crises in today's Western democracies via the increasing parallels to the fragilities and fractures of the 1930s. Second, based on these historical inspirations, to come closer to a modern Ordnungsökonomik targeted specifically at today's crises. The three-step approach consists of an anamnesis ("crisis burger"), a diagnosis ("anxiety from over-dynamics"), and a therapy ("fixed points towards order security"). The paper revisits the role of liberal political economists as order guardians amid what the paper calls superfragility, a context in which citizens radically lose trust and unsubscribe from the order, making the trust-enhancing role of liberal political economists existential for the order.
JEL: 
A11
B25
B41
H11
P16
Document Type: 
Working Paper

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