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9781847207340

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'Gerhard Wegner provides new insight into the relation between democracies and market economies. He recognizes conflict between the two, but he doesn't propose constitutional controls over political action. Such proposals are grounded in the comparative static manipulation of equilibrium models. In contrast, Wegner advances an evolutionary theory of political economy, and uses this theory to explain how processes of societal learning might be set in motion that could expand support for market arrangements through time. This thoughtful and challenging book will repay examination by all students of political economy.'- Richard E. Wagner, George Mason University, US'In drawing particular attention to the implications of evolutionary market theory for public policy Gerhard Wegner adds a novel and instructive line of argument to the long-standing debate on the inherent tension between democratic politics and economic liberalism. His concept of learning liberalism addresses an important dimension of political failure that has been neglected in this debate.'- Viktor J. Vanberg, Universitaet Freiburg, Germany

"'Gerhard Wegner provides new insight into the relation between democracies and market economies. He recognizes conflict between the two, but he doesn't propose constitutional controls over political action. Such proposals are grounded in the comparative static manipulation of equilibrium models. In contrast, Wegner advances an evolutionary theory of political economy, and uses this theory to explain how processes of societal learning might be set in motion that could expand support for market arrangements through time. This thoughtful and challenging book will repay examination by all students of political economy.'- Richard E. Wagner, George Mason University, US'In drawing particular attention to the implications of evolutionary market theory for public policy Gerhard Wegner adds a novel and instructive line of argument to the long-standing debate on the inherent tension between democratic politics and economic liberalism. His concept of ""learning liberalism"" addresses an important dimension of political failure that has been neglected in this debate.'- Viktor J. Vanberg, Universitaet Freiburg, Germany"

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Gerhard Wegner, Professor of Economics, Erfurt University, Germany

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