A Flexible and Efficient Economic System for Europe
Thursday, 15. October 2015 | 15:30 Uhr
Speaker
Organisation
Abstract
An efficient economic system requires a good infrastructure and an economic policy, which is supportive and not restrictive or even choking. For that reason adequate political institution are necessary which quickly adapt to the changing conditions prevailing.
The problems to be solved differ between the various parts of the economy and society. Some problems can be dealt with in small units, while other problems (such as free trade) should be secured on an as large area as possible. This requires political institutions whose territorial extension differs between problem areas and are variable. To fullfill these requirements a new kind of flexible, dynamic and democratic political institutions must arise. A special variant of such institutions are FOCJ, i.e. «Flexible, Overlapping, Competing Jurisdictions». They must have large autonomy with respect to public expenditures and the necessary taxes to finance them.
The new flexible public units overcome the narrow national states and enable a future oriented efficient economy. The European Union is unable to perform this task, as it strictly builds on national states, is inflexible and is too little democratic.
For this speech no Video and no PowerPoint-Presentation is available.
Bruno S. Frey
Bruno Frey is Permanent Visiting Professor at the University of Basel. He was Professor of Economics at the University of Zurich from 1977-2012, Distinguished Professor of Behavioural Science at the Warwick Business School at the University of Warwick, UK from 2010-2013 and Senior Professor of Economics at Zeppelin University Friedrichshafen, DE from 2013-2015.
Frey is Research Director of CREMA – Centre for Research in Economics, Management and the Arts, Switzerland. He was Managing Editor, from 1969-2015, and is now Honorary Editor of Kyklos. Bruno Frey seeks to extend economics beyond standard neo-classics by including insights from other disciplines, including political science, psychology and sociology.
According to ISI – The Institute for Scientific Information, Bruno S. Frey belongs to the “the most highly cited Researchers”.
