Wilhelm Röpke is one of the most influential liberal thinkers of the 20th century and one of the main protagonists of the Social Market Economy in Germany. Nevertheless, his legacy is not undisputed: Without doubt, he was an uncompromising advocate of a free, open and humane society, but at the Continue Reading…
This volume takes a broad perspective on the recent debate on the role of German ordoliberalism in shaping European economic policy before and after the eurozone crisis. It shows how ordoliberal scholars explain the institutional origins of the eurozone crisis and presents creative policy proposals for the future of the Continue Reading…
This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in common: both Continue Reading…
Walter Eucken is mostly known for his impact on establishing the Social Market Economy in post-war Germany. In this paper we identify how Eucken was highly influential in the formation of the Mont Pèlerin Society (MPS), and how German ordoliberalism left a significant footprint on the early history of the Continue Reading…
This paper addresses the intellectual relationship between Max Weber and three key proponents of neoliberalism: F.A. Hayek, Walter Eucken and Wilhelm Röpke. This relationship is contextualized in the history of German-language political economy, focusing on the nexus and proximity between early 20th century economic sociology and the emergence and evolution Continue Reading…
The article depicts a controversy among German-speaking members of the Mont Pelerin Society in 1955. It is based on a previously unknown exchange of letters between Wilhelm Röpke, Alexander Rüstow, Friedrich Hayek, and Ludwig Mises, among others. Sparked by an article in a publication edited by Voldkmar Muthesius, the discussion Continue Reading…
Ordoliberalism is often accused as being responsible for Germany’s policy stance during the Eurozone crisis. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the University of Freiburg, which is in fact in Germany. It is however neither true that ordoliberal thought Continue Reading…