Das Gebäude des Walter Eucken Instituts von außen
3.4.2023 Standing on the Shoulders of Giants or Science? – Lessons from Ordoliberalism
In this discussionpaper Lars P. Feld and Ekkehard A. Köhler look at the future of public choice and the question of how much normativity public choice can bear. In their analysis they draw parallels between public choice and German ordoliberalism (and its source in the Freiburg School of Economics).
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31.03.2023 Why Inflation Persists
Contrary to what many commentators would like to think, high inflation today is a macroeconomic phenomenon, resulting from too much money chasing too few goods and services. Worse, there are many reasons to worry that it will prove to be more persistent than many market participants have acknowledged.
By Lars P. Feld
Discussionpaper Compliance Management in Research Institutes
In their latest discussionpaper Katharina Pfeil, Sarah Necker and Lars P. Feld pose the question “Compliance Management in Research Institutes – Boon or Bane?”. To answer it, they use a survey of leaders of German research institutes and expert interviews.
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The Walter Eucken Institute is a center of excellence for basic research on constitutional economics and ordoliberal thinking.

As an independent institution, the institute conducts economic and social science research in the tradition of the Freiburg School of Ordoliberal Economics. Thereby our main question is how our market-based competitive order can be maintained and further developed.

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Research at the Walter Eucken Institute

Those who want to secure the social market economy in the long term must think beyond short-term system corrections. In doing so, we are guided by the question of how improved incentives can be created through framework conditions of the economy and political competition in order to discover and adequately take into account the long-term interests of citizens.

Economic Policy and Public Finance
Behavioral Economics
History of Economic Thought

One of the research foci of the Walter Eucken Institute is in the area of fiscal sciences. Here, we analyze the state of the government budget and the macroeconomic consequences of government revenue and expenditure policies.

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In economics, most approaches to analyzing behavior have traditionally been based on the standard neoclassical economic model of behavior, in which an individual is assumed to be a fully rational, self-controlled, and utility-maximizing decisionmaker.

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The history of ordoliberalism begins with the Freiburg School, a research and teaching community of economists and lawyers at the University of Freiburg in the 1930s and 1940s.

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Portrait

Prof. Dr. Dr. h. c. Lars P. Feld

Director of the Walter Eucken Institute

Lars P. Feld (*1966) has held the Chair of Economic Policy and Regulatory Economics at the Albert Ludwigs University of Freiburg since 2010 and is Director of the Walter Eucken Institute. His research focuses on economic policy, public finance, new political economy and economic analysis of law.

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