Das Gebäude des Walter Eucken Instituts von außen

13.10.2025 Do Local Elections Affect the Spending of Intergovernmental Transfers?

In their latest discussion paper, Yannick Bury and Lars P. Feld study whether local spending of intergovernmental grants is influenced by mayoral elections in the grant receiving municipality.
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4.8.2025 New discussion paper: “Asymmetric Labor Supply Responses to Taxation”

Are the effects of tax aversion on labor supply symmetric? In a real-effort online experiment, participants are exposed to varying increasing and decreasing wages and taxes. Check out the latest discussion paper by Anna Esslinger, Katahrina Pfeil and Lars P. Feld.
To the paper… Behavioral Economics

25.6.2025 New Discussionpaper on “Edith Eucken-Erdsiek – Nachlassverzeichnis und Bibliographie”

Uwe Dathe and Daniel Nientiedt present an inventory of the estate of publicist Edith Eucken-Erdsiek, which contains important sources on ordoliberalism. The inventory is supplemented by a bibliography of her writings.
Check out the paper… Daniel Nientiedt

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…

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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