Economics

The Middle Ages are regarded as the age of knights and castles, a time of »feudal« violence and »feudal« lordship, while the early 11th century is regarded as the birthplace of this »feudal society«. The present volume opens a new perspective on the transformations of the 10th to 12th centuries.

The monetary and economic reform of June 1948 is considered the birth of the social market economy in Germany. Melvin John examines the history of ideas that led to the liberalisation of consumer goods prices at that time, probing in particular the theoretical works of Ludwig Erhard.

Can the legal system provide mechanical justice? Using methods and insights from research in market design, Yoan Hermstrüwer explores the mechanics of public matching markets. The design of matching algorithms in compliance with constitutional and legal constraints emerges as a fundamental condition for fair participation in public goods and services.

The European Central Bank's unconventional monetary policy measures culminated in a fundamental dispute between the German Constitutional Court and the European Court of Justice. Against this background, the author analyzes the fundamentals of monetary policy in EU law in light of the macroeconomic functions of monetary policy.