Heike Walterscheid was born in Essen, Germany and currently works in the Institute of Economics at the Technical University Ilmenau (Thuringia). After an apprenticeship at a German bank, she obtained a degree in business administration from Bayreuth University. L. Wegehenkel, a leading German scholar in the academic tradition of Hayek and Hoppmann offered her to specialize in institutional and environmental economics, and in 2005 Walterscheid received her doctorate with an award winning thesis. Dr. Walterscheid's theoretical work is focused on the defense of individual liberty, decentralized social systems, property and activity rights, and the socio-economic efficiency as an evolutionary result of economic activities. Her habilitation thesis was a concept of alternative structures of social and economic systems. She is a member of the "Hayek Society" in Germany and the "Committee on Economic Systems and Institutional Economics" of the "Verein fuer Socialpolitik". Her publications include "Sozio-oekonomische Evolution, Internalisierungserfordernisse und das Problem der Fraktionierung" (2004), "Exklusives Eigentum an geistigen Werken, das Recht auf Kopie und effiziente Allokation" (2007) and Entstehung und Koordination von Wissen in dezentralisierten Gesellschaftssystemen (2010). Together with Wegehenkel Wettbewerbspolitische Leitbilder aus institutionell-evolutorischer Perspektive (2010) and Wohlstand der Nationen und der Grad der handlungsrechtlichen Teilzentralisierung (2010).