Regulatory policy

Regulatory policy comprises the regulations, institutions and actions that make it possible to organize the economy according to the principles of market and competition . The main thing is to ensure competition and to guarantee the freedom of individuals for their economic activities.

tasks

Regulatory policy only intervenes temporarily in the course of economic activity and is a long-term policy . The legislature is responsible for this through a corresponding elaboration of the legal framework . Regulatory activities can influence the quality of the economic system, so the measures should be designed in such a way that they can serve as a reliable basis for planning.

Your tasks are therefore:

• Definition of civil liberties
• Guarantee of the property order
• Maintaining competition
• social security systems
• Redistribution
• Creation of stable framework conditions for the economy

Regulatory policy as an economic strategy

Economic policy is the term used to describe all political provisions with which the state regulates economic processes, influences them or intervenes in economic implementation. A distinction is made between these three areas in economic policy:

• Regulatory policy: shaping the economic order
• Economic policy : influencing economic processes
• Structural policy: influencing economic structures

On the one hand, the regulatory instruments have an inward effect and are thus components of national regulatory policy (e.g. economic, social and labor legislation), but can also have an external effect and in this case are aspects of international regulatory policy (e.g. regional economic integration, international Trade agreement ).

Distribution of tasks between state and market in a market economy from an ordoliberal point of view

Some key messages from the state and market:

Country	market
Secure private property and disposal rights Freedom of contract and liability guarantee Fund infrastructure , school education , basic research Offer minimum social standards	Efficient use of scarce resources Generate long-term profits by satisfying consumer needs Invest in research and development for innovation Create an optimal production structure for the use of production factors

Goal: Reliable regulatory and social policy Goal: Efficient production

Regulatory Policy Foundation

The Ordnungspolitik Foundation was established in 1999 on the 50th anniversary of Walter Eucken 's death . Your basic understanding of regulatory policy is based in particular on the ideas of the pioneer Friedrich August von Hayek . The foundation strives to maintain and timely further development of the regulatory tradition of the Freiburg School , as founded by Walter Eucken, significantly deepened by Friedrich August von Hayek and politically implemented by Ludwig Erhard . Every year the foundation holds several lectures on regulatory issues with decision-makers from Germany and abroad. Politicians from various parties always visit the foundation for background discussions about current uncertainties in German and European economic policy .

Teaching subject at universities

Regulatory policy is a branch of economics and political science .

literature

• Walter Eucken : regulatory policy. , Ed. Walter Oswald, 1st edition, Walter Eucken Archive: Series Second Enlightenment, Münster, LIT 1999, ISBN 3-8258-4056-5 .
• Alfred Schüller / Hans-Günter Krüsselberg (Hrsg.): Basic terms for order theory and political economy. 6th revised and supplemented edition, Marburg 2004.
• Helmut Woll : Controversies in regulatory policy . Munich 1999
• ORDO. Yearbook for the Order of Economy and Society .
• Walter Eucken: Principles of Economic Policy . Ed. E. Eucken, PK Hensel, 6th edition, JCB Mohr, Tübingen 1990, ISBN 3-16-345548-4 .
• Hans-Günther Schlotter (Ed.): Ordnungspolitik on the threshold of the 21st century . 1st edition, Nomos Verlagsgesellschaft, Baden-Baden 1997 ISBN 3-7890-5087-3 .
• Ingo Pies / Martin Leschke (eds.): Walter Euckens Ordnungspolitik . JCB Mohr, Tübingen 2002, ISBN 3-16-147919-X .
• Wolfgang Deuling : The three pillars of the new conservative regulatory policy. In: library.fes.de. October 20, 2012, archived from the original on October 20, 2012 ; Retrieved October 20, 2012 . 

Web links

• Gerhard Merk: The terms process policy, structural policy and regulatory policy (PDF)
• Regulatory Policy Portal
• Regulatory Policy Forum
• Marburg Society for Regulatory Issues in the Economy
• The Ordnungspolitik Foundation has been dealing with the regulatory tradition of the Freiburg School since 1999 : Homepage Ordnungspolitik Foundation
• Otto Wolff Institute for Economic Order , named after Otto Wolff von Amerongen
• Podcasts on regulatory policy "O-Pods"
• Lexicon of the Federal Agency for Political Education
• Center for European Politics; Regulatory Policy Foundation
• Konrad-Adenauer-Stiftung : Social market economy and economic policy as regulatory policy
• Economic policy

Individual evidence

1. ↑ regulatory policy. In: www.wirtschaftundschule.de. April 20, 2012, accessed December 27, 2016 . 
2. ^ Roland Eisen : Definition, tasks and framework conditions of economic policy. (PDF) Retrieved December 29, 2016 . 
3. ↑ Areas of responsibility for economic policy. (PDF) Retrieved December 29, 2016 . 
4. ↑ Introduction to economic policy - economic policy clearly explained. In: www.rechnungswesen-verhaben.de. Retrieved December 30, 2016 . 
5. ↑ Dominik Enste ; Michael Hüther : Behavioral Economics and Regulatory Policy . ISBN 978-3-602-24147-7 , pp. 32.33 .