The Conjoint Quest for a Liberal Positive Program

Abstract

The latest financial and economic crisis has undoubtedly reawakened public and academic interest for the scholarly discourse on economics of the 1930s. Large think tanks foster a reenactment of John Maynard Keynes or Friedrich August von Hayek with various methods and intentions, while scholars invite their audience to rediscuss economic ideas of the Great Depression and its subsequent period. One of these scholars is James M. Buchanan, who has highlighted the importance of the “Old Chicago” School (and sharply contrasted it from the “New Chicago” School’s tenets); another is Viktor Vanberg, who has highlighted the importance of the Freiburg School of Economics. The Chicago School and the Freiburg School have remarkably influenced the design of post-war economic orders as well as scholarly discourse in economics in the United States and Germany. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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