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Taming Giants: How Ordoliberal Competition Theory Can Address Power in the Digital Age

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Küsters, A., Oakes, I. Taming Giants: How Ordoliberal Competition Theory Can Address Power in the Digital Age. Journal of Contextual Economics – Schmollers Jahrbuch, 141(3), 149-188. https://doi.org/10.3790/schm.141.3.149
Küsters, Anselm and Oakes, Isabel "Taming Giants: How Ordoliberal Competition Theory Can Address Power in the Digital Age" Journal of Contextual Economics – Schmollers Jahrbuch 141.3, 2021, 149-188. https://doi.org/10.3790/schm.141.3.149
Küsters, Anselm/Oakes, Isabel (2021): Taming Giants: How Ordoliberal Competition Theory Can Address Power in the Digital Age, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 141, iss. 3, 149-188, [online] https://doi.org/10.3790/schm.141.3.149

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Taming Giants: How Ordoliberal Competition Theory Can Address Power in the Digital Age

Küsters, Anselm | Oakes, Isabel

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 141 (2021), Iss. 3 : pp. 149–188

1 Citations (CrossRef)

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Anselm Küsters, Max Planck Institute for Legal History and Legal Theory, Hansaallee 41, 60323 Frankfurt, Germany.

Isabel Oakes, Faculty of History, George Street, Oxford, OX1 2RL, United Kingdom.

Cited By

  1. Ordoliberalism goes China? A comparison of recent developments in EU and chinese competition law considering the digital economy

    Küsters, Anselm

    (2023)

    https://doi.org/10.1007/s10602-023-09407-y [Citations: 0]

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Abstract

In comparing the historical circumstances in which ordoliberalism emerged with the socio-economic and political trends of today, this study identifies parallels that can provide useful insights into tackling current challenges in the digital age. On this basis, the study explores whether ordoliberal concepts like “complete competition,” “interdependence of orders,” and Vitalpolitik, and the lessons from the past that they incorporate, can help reform European competition law for the digital economy. Along with a renewed focus on structural remedies, per se rules and a historical interpretation of European competition norms, ordoliberal theory could contribute to a reformed approach to competition policy that can tame the power of today’s digital giants more effectively.