On Designing an Institutional Infrastructure for Economies: The Freiburg Legacy after 50 Years

Explains and outlines the ideas of the Freiburg School. Points to the fact that the constitutive (structurizing) and regulative principles for economic policy developed by this school need operationalization in order to serve as a compass for economic policy. Presents a checklist to test policy proposals as to their effectiveness, necessity and cost appropriateness.