Ordoliberalism, Law and the Rule of Economics
Josef Hien, Christian Joerges
Bloomsbury Publishing, Dec 28, 2017 - Law - 344 pages
Ordoliberalism is a theoretical and cultural tradition of significant societal and political impact in post-war Germany. For a long time the theory was only known outside Germany by a handful of experts, but ordoliberalism has now moved centre stage after the advent of the financial crisis, and has become widely perceived as the ideational source of Germany's crisis politics.
In this collection, the contributors engage in a multi-faceted exploration of the conceptual history of ordoliberalism, the premises of its founding fathers in law and economics, its religious underpinnings, the debates over its theoretical assumptions and political commitments, and its formative vision of societal ordering based upon a synthesis of economic theories and legal concepts. The renewal of that vision through the ordoliberal conceptualisation of the European integration project, the challenges of the current European crisis, and the divergent perceptions of ordoliberalism within Germany and by its northern and southern EU neighbours, are a common concern of all these endeavours. They unfold interdisciplinary affinities and misunderstandings, cultural predispositions and prejudices, and political preferences and cleavages. By examining European traditions through the lens of ordoliberalism, the book illustrates the diversity of European economic cultures, and the difficulty of transnational political exchanges, in a time of European crisis.
The Tepid Reception of Ordoliberalism in Italy and Present
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Alexander Rüstow Alfred Müller-Armack argued austerity Bundesbank capital Central Bank Chicago Christian Joerges competition rules competitive market concept conflict context critique currency democratic dirigisme economic constitution economic order economic policy economists Edgeworth Box envy-free ethical Euro Europe Europe’s European Economic European integration Eurozone Crisis financial crisis fiscal Foucault framework France Franz Böhm freedom Freiburg School French Friedrich von Hayek Geithner German economic German neoliberalism German ordoliberalism Germany’s global growth Hayek here–here idem ideology influence institutional interest intervention Italian Journal Keynesian Kronberger Kreis labour laissez-faire laissez-faire liberalism liberalism Ludwig Erhard Maastricht Marktwirtschaft mass democracy monetary policy monetary union moral Müller-Armack neoliberal thought normative Ordnungsökonomik Ordnungspolitik ORDO ordoliberal tradition Ordoliberalismus organised Oxford University Press Polanyi Political Economy post-war principles reforms regime responsibility role Schäuble Schmitt social market economy stability theory Treaty Vanberg wage Walter Eucken welfare Wilhelm Röpke Wirtschaftspolitik Wolfgang Schäuble