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13. September 2018 14:00 - 21:00

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The Scottish Enlightenment thinker Adam Smith (1723-1790), author of “The Theory of Moral Sentiments” and “The Wealth of Nations”, is widely known and recognized as a moral philosopher and as one of the founding fathers of classical economics. With its implications e.g. for international trade, monetary policy, regulation and taxation, his work in economics is often interpreted as a decisive forerunner of “laissez-faire” and modern free-market policies, sometimes accusingly dubbed “neoliberalism”.

But what is really in Smith’s writings? What can be learnt from them? What is the relationship between the spheres of market and morality? Just how interesting and relevant can Smith’s analysis be today, given that modernity differs significantly from his pre-industrialization context? And how do his recommendations relate to those of current “Ordnungspolitik”, a policy approach aiming at setting the rules of the game and providing a non-partisan umpire, letting the players shoot the goals on their own?

The NOUS workshop, a format intended for thorough discussion, will aim to shed some light on these questions. There will be impulse statements from Maria Pia Paganelli, an internationally renowned scholar in the history of economic thought from Trinity University in San Antonio, Texas, and Karen Horn, lecturer in the history of economic thought at Erfurt University. The ensuing discussion will encompass an exchange with winners of the NOUS Adam Smith essay contest and a panel with other specialists.

Join us at the Deutsche Bundesbank Berlin premises for what promises to be an inspiring intellectual experience! Space is limited, so please do register as soon as possible at

1:30 p.m.  Arrival of participants

2:00 p.m.  Welcome and introduction
                Claus Tigges, President of Deutsche Bundesbank Berlin

2:30 p.m.  Presentation: The continuing relevance of Adam Smith
                Prof. Maria Pia Paganelli, Ph.D., Trinity University in San Antonio, Texas

3:00 p.m.  Dialogue with NOUS young scholars essay contest winner

                Prof. Maria Pia Paganelli, Ph.D.
                Dr. Sarah Songhorian, Vita-Salute San Raffaele University Milan

3:30 p.m.  General Discussion

                Prof. Maria Pia Paganelli, Ph.D.
                Dr. Daniel Brühlmeier, Bern University
                Dr. Reinhard Schumacher, Potsdam University
                Dr. Sarah Songhorian
                Chair: Clemens Schneider, NOUS Young Affiliates Coordinator

4:30 p.m.  Coffee break

5:00 p.m.  Presentation: Smith, ordoliberalism and “Ordnungspolitik“
                Dr. Karen Horn, Erfurt University

5:30 p.m.  Dialogue with NOUS young scholars essay contest winner

                Dr. Karen Horn
                Rebecca Ruehle, Halle-Wittenberg and Mannheim Universities

6:00 p.m.  General Discussion

                Dr. Karen Horn
Prof. Stefan Kolev, University of Applied Sciences Zwickau
                Dr. Julian F. Müller, Hamburg University
                Rebecca Ruehle
                Chair: Prof. Dr. Michael Wohlgemuth, OEB and University Witten/Herdecke

7:00 p.m.  Closing remarks

7:30-9 p.m.  Reception