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The Dahrendorf hypothesis and its implications for (the theory of) economic policy-making

  • The sociologist R. Dahrendorf has recently suggested that there is no and there ought to be no convergence of economic policies towards some common ideal model. On the contrary, he states that ‘diversity is […] at the very heart of a world that has abandoned the need for closed, encompassing systems’. It is shown in this paper that the Dahrendorf hypothesis is difficult to reconcile with orthodox economic approaches to economic policy-making. A perspective on policy-making that introduces either fundamental uncertainty or endogenous policy preferences or both is, however, shown to be consistent with the Dahrendorf hypothesis.

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Metadaten
Author: Jan SchnellenbachORCiD
DOI:https://doi.org/10.1093/cje/bei086
ISSN:1464-3545
Title of the source (English):Cambridge Journal of Economics
Document Type:Scientific journal article peer-reviewed
Language:English
Year of publication:2005
Contributing Corporation:Philipps-University Marburg
Volume/Year:29
Issue number:6
First Page:997
Last Page:1009
Faculty/Chair:Fakultät 5 Wirtschaft, Recht und Gesellschaft / FG VWL, insbesondere Mikroökonomik
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