publication . Book . 2018

freiheit und verantwortung aufstieg und niedergang

Erich Weede;
Open Access
  • Published: 04 Oct 2018
  • Publisher: Mohr Siebeck
This is the printed version of Erich Weede's 'Hayek lecture' given in November 2011. It is divided into three parts: The introduction deals with incentives, freedom and responsibility; it is based on the findings of Smith, Mises and Hayek. The author then examines the effects of a liberal economic order and uses this to explain how Europe was able to overtake the sophisticated Asian cultures. If economic freedom and the secure property rights of merchants and manufacturers are the decisive factor in the rise of Europe, the question dealt with in conclusion arises: Can Western democracies maintain economic freedom and prosperity? Or will creeping socialism, which...
free text keywords: Prosperity, media_common.quotation_subject, media_common, Liberalism, Political economy, Political science, Incentive, Socialism, Welfare state, Economic freedom, Bailout, Economy, Property rights
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