?
The Competitive Order for the Digital Age
The market environment of the new economy represents a set of highly concentrated industries, while a slowdown of the economic growth and an expanding gap between different strata of society have become urgent problems of modern days. The current trend does not give the reason to assume that these problems are just a temporary issue. The digital economy has opened new horizons for the problem of concentrated economic power. One of the most prominent schools of economic thought that have been obsessed with the issue of power concentration is the Freiburg school of law and economics, which appeared in the 1930s and later have been noticeably overlooked by the mainstream. This study assesses the possibility of application of the views and methods of the Freiburg school to the problems of modern days. In the light of this theory, there are no needs to regulate the economic process and redistribute incomes, but what should be done is to create a competitive order that will yield the most efficient solutions for the society in various spheres.