Economics

Digitalization changes retail contracting. Where consumers used to buy exclusive use (as ownership) through salespeople, they now often lease or license use (as services) directly from a producer. Do new business models force us to reassess our contract typology? Scholars of business and law jointly explore this question in this interdisciplinary volume.

Maximilian Windorf investigates the legal requirements, effects and consequences of using artificial intelligence systems for German stock companies' executive and supervisory boards and the annual general meetings, based on the country's Stock Corporation Act and the Corporate Governance Code.

Alfons J. Weichenrieder provides numerous ethical and historical cross-references, making the book accessible to economics majors and minors, as well as anyone seeking an easy introduction to economics. The new edition features updated graphic presentations, incorporates new literature into the discussion and enhances the clarity of the text in certain areas.

How do public finances react to unforeseen events? By identifying instruments of flexibilisation within the German and European Union budgetary systems from a legal perspective, this study highlights how budget flexibility is a decisive factor for the modern fiscal state's democratic legitimacy.