Democracy and Financial Order: Legal Perspectives

German Law Journal, Vol. 17, No. 5, 2016

204 Pages Posted: 19 Nov 2016

See all articles by Matthias Goldmann

Matthias Goldmann

Max Planck Institute for Comparative Public Law and International Law; Leibniz Institute for Financial Research SAFE; Goethe University Frankfurt - Cluster of Excellence Normative Orders; Goethe University Frankfurt

Silvia Steininger

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Comparative Public Law and International Law

Lars Viellechner

University of Bremen

Emanuel V. Towfigh

EBS Law School; Max Planck Institute for Research on Collective Goods

Matej Avbelj

New University

Oisin Suttle

Maynooth University

Thomas Biebricher

Goethe University Frankfurt

Francisco Saffie

Adolfo Ibanez University

Isabel Feichtner

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Comparative Public Law and International Law

Date Written: October 4, 2016

Abstract

This special issue assembles eight articles on the relationship between democracy and the financial order from various legal perspectives. Each article engages with the concept of law from a particular theoretical angle, be it a full-grown legal theory or an approach in political economy that has a particular view of the law.

We have arranged the special issue in order to reflect certain debates. Thus, the special issue begins with a debate between two contemporary German theories of law by Jürgen Habermas (Goldmann and Steininger) and Niklas Luhmann (Viellechner). Next is a transatlantic debate between rational choice conceptions of law (Towfigh) and ideas of constitutional pluralism (Avbelj). Different traditions of mostly Anglo-Saxon liberalism are reflected in the contribution by Suttle. Eventually, three contributions engage with conceptions of law in neoliberalism and ordoliberalism and the way they have shaped our perceptions of public finance, including budgetary rules, taxes, and money (Biebricher, Saffie, Feichtner).

To connect theory with life, each contribution elaborates its salient theoretical points by using an example of a particular case study or issue area that faces challenges in the aftermath of the financial crisis. Thus, while all articles address the law’s capacity to accommodate both democracy and capitalism, each individually contributes to the development of law and policy in a particular issue area. Topics range from sovereign debt issues (Goldmann and Steininger, Viellechner, Suttle) to budgetary restrictions (Biebricher), banking regulation (Avbelj), money and the ECB (Towfigh and Feichtner), and taxes (Saffie).

Keywords: International Law, Finance, Democracy, Democratic Theory, Central Bank, Financial Crisis, Sovereign Debt, European Monetary Union, Taxation, International Tax Law, Neoliberalism

Suggested Citation

Goldmann, Matthias and Steininger, Silvia and Viellechner, Lars and Towfigh, Emanuel V. and Avbelj, Matej and Suttle, Oisin and Biebricher, Thomas and Saffie, Francisco and Feichtner, Isabel, Democracy and Financial Order: Legal Perspectives (October 4, 2016). German Law Journal, Vol. 17, No. 5, 2016, Available at SSRN: https://ssrn.com/abstract=2866401

Matthias Goldmann (Contact Author)

Max Planck Institute for Comparative Public Law and International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany

HOME PAGE: http://www.mpil.de/ww/en/pub/organization/scientific_staff/mgoldman.cfm

Leibniz Institute for Financial Research SAFE

House of Finance
Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
Germany

HOME PAGE: http://www.safe-frankfurt.de

Goethe University Frankfurt - Cluster of Excellence Normative Orders ( email )

Germany

Goethe University Frankfurt ( email )

Theodor-W.-Adorno-Platz 3
HoF H4
Frankfurt, 60629
Germany

HOME PAGE: http://https://www.jura.uni-frankfurt.de/62222403/Goldmann

Silvia Steininger

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Comparative Public Law and International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany

Lars Viellechner

University of Bremen ( email )

Universitaetsallee GW I
Bremen, D-28334
Germany

Emanuel V. Towfigh

EBS Law School ( email )

Gustav-Stresemann-Ring 3
Wiesbaden, 65189
Germany
+49 611 7102-2253 (Phone)
+49 611 7102-10-2253 (Fax)

HOME PAGE: http://www.lehrstuhl-towfigh.de

Max Planck Institute for Research on Collective Goods ( email )

Kurt-Schumacher-Str. 10
D-53113 Bonn, 53113
Germany
+49 228 91416-30 (Phone)
+49 228 91416-930 (Fax)

HOME PAGE: http://www.coll.mpg.de/team/page/emanuel_towfigh

Matej Avbelj

New University ( email )

Žanova ulica 3
Kranj, 4000
Slovenia

Oisin Suttle

Maynooth University ( email )

Maynooth, County Kildare
Ireland

Thomas Biebricher

Goethe University Frankfurt ( email )

Francisco Saffie

Adolfo Ibanez University ( email )

Diagonal Las Torres 2640 Peñaleón
Presidente Errázuriz 3485 Las Condes
Santiago, 794-1169
Chile

Isabel Feichtner

Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Comparative Public Law and International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany

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