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Viktor J. Vanberg

This important research review discusses some of the most celebrated and classical literature in the field of choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. A premise that is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the subject’s founding literature as well as the more contemporary pieces, which have sparked further discussion in the field. This review promises to be valuable to researchers and scholars alike as well as to those gravitating towards this fascinating topic.
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Viktor J. Vanberg

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Viktor J. Vanberg

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Gerhard Wegner

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Political Failure by Agreement

Learning Liberalism and the Welfare State

Gerhard Wegner

The purpose of this book is to reconsider economic liberalism from the viewpoint of political liberalism. The author argues that advocates of economic liberalism largely overlook empirical political preferences which, in many societies, go far beyond a limited role of the state. Recent difficulties of reforming the welfare state provide evidence that political preferences are at odds with liberal economic policy in numerous cases. This fact challenges a political conception which demands a limited state role but also claims that citizens’ preferences ‘as they are’ should determine the content of policies. Using an evolutionary perspective on economic liberalism, the book develops new arguments about how economic liberalism can be brought into line with political liberalism.
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Gerhard Wegner