Good economics, bad economics, and European economics

Abstract

The editors of Kyklos have asked the question: Is there a European economics? This short essay tries to give an answer by first trying to provide a framework for a sensible answer in economics, and then following suit by illustrating how in the context of this frame-work, the answer can be given. In so doing, the essay touches on theories of regulation, the ORDO-approach, the sub-discipline of law and economics and the problem of European institutions as they are different from American ones and different from those typically assumed but never explicated in textbook renditions bearing on economic policy.Economics ;