IMPACT OF THE ORDOLIBERAL THEORY ON THE DEVELOPMENT OF COMPETITION POLICY IN GERMANY AND THE EUROPEAN UNION
IMPACT OF THE ORDOLIBERAL THEORY ON THE DEVELOPMENT OF COMPETITION POLICY IN GERMANY AND THE EUROPEAN UNION

Summary/Abstract: Ordoliberal doctrine and its recommendations on competition policy is an original German contribution to the development of economics and law. This theory has had an enormous impact on the development of German anti-trust legislation, and also contributed to the Treaties of Rome, including EU competition law. Despite various claims, which are directed towards it still has an impact on the shape of European law by using some of ordoliberal definitions and rules in the courts of the EU and the European Commission's decision-making practice.

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