Das Gebäude des Walter Eucken Instituts von außen
23.4.2025 New discussion paper on government debt and inflation
Philipp Weber and Lars P. Feld offer novel empirical insights on the interaction between government debt and inflation, testing the validity of the Fiscal Theory of the Price Level (#FTPL). Between 35% and 40% of excess government spending results in higher inflation.
To the paper… Economic Policy and Public Finance
7.4.2025 “Institutional Rules and Biased Rule Enforcement”
In their latest discussion paper, Simon Columbus, Lars P. Feld, Matthias Kasper and Matthew Rablen investigate how institutional rules and bias in rule enforcement affect cooperation and compliance in heterogenous groups.
To the paper…
16.10.2024 New discussion paper by Viktor J. Vanberg
A new paper by Viktor J. Vanberg on “Spontaneous Order, Evolution and Common Law: Some Notes on F. A. Hayek’s System of Social Thought” has been published in the Discussion Paper Series of the Walter Eucken Institute.
To the paper…
8.10.2024 New discussion paper: “Why Whistleblowing Does Not Deter Collaborative Tax Evasion”
Does whistleblowing deter rule violations when such violations are believed to be common? Lilith Burgstaller and Katharina Pfeil examined this question in an online experiment about collaborative tax evasion. Check out our latest discussion paper.
To the paper… Behavioral Economics
22.2.2024 “You don’t need an invoice, do you?”
In their lately published paper Lilith Burgstaller and Katharina Pfeil ask if people were more inclined to evade taxes in a transaction if they know their transacting partner would do it.
Check out the paper… Behavioral Economics

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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