{"title":"The rise and fall of ordoliberalism","authors":"Josef Hien","doi":"10.1093/ser/mwad018","DOIUrl":null,"url":null,"abstract":"\n Ordoliberalism has been accused of being the ideational blueprint for Germany’s fiscal stance during the Eurozone-crisis. While the literature that debates the influence of ordoliberalism on crisis politics is growing, there is a lack of studies tracing the ordoliberal influence within Germany. This study shows that ordoliberalism had very limited influence on the creation of German institutions and its economic knowledge regime. Where ordoliberalism can be found is in the bureaucracy. This influence will come to an end with the last ordoliberals retiring. The article reconstructs how the reorientation of German economics towards the global economics profession crowded out ordoliberalism. Ordoliberalism, publishing mostly in German and not being able to formalize its theory, could not keep up with modern German economics. This will also dry up the supply of ordoliberal staff for the bureaucracy. The article shows also that ordoliberalism lives on as part of the German conservative political tradition.","PeriodicalId":47947,"journal":{"name":"Socio-Economic Review","volume":" ","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Socio-Economic Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1093/ser/mwad018","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Ordoliberalism has been accused of being the ideational blueprint for Germany’s fiscal stance during the Eurozone-crisis. While the literature that debates the influence of ordoliberalism on crisis politics is growing, there is a lack of studies tracing the ordoliberal influence within Germany. This study shows that ordoliberalism had very limited influence on the creation of German institutions and its economic knowledge regime. Where ordoliberalism can be found is in the bureaucracy. This influence will come to an end with the last ordoliberals retiring. The article reconstructs how the reorientation of German economics towards the global economics profession crowded out ordoliberalism. Ordoliberalism, publishing mostly in German and not being able to formalize its theory, could not keep up with modern German economics. This will also dry up the supply of ordoliberal staff for the bureaucracy. The article shows also that ordoliberalism lives on as part of the German conservative political tradition.
期刊介绍:
Originating in the Society for the Advancement of Socio-Economics (SASE), Socio-Economic Review (SER) is part of a broader movement in the social sciences for the rediscovery of the socio-political foundations of the economy. Devoted to the advancement of socio-economics, it deals with the analytical, political and moral questions arising at the intersection between economy and society. Articles in SER explore how the economy is or should be governed by social relations, institutional rules, political decisions, and cultural values. They also consider how the economy in turn affects the society of which it is part, for example by breaking up old institutional forms and giving rise to new ones. The domain of the journal is deliberately broadly conceived, so new variations to its general theme may be discovered and editors can learn from the papers that readers submit. To enhance international dialogue, Socio-Economic Review accepts the submission of translated articles that are simultaneously published in a language other than English. In pursuit of its program, SER is eager to promote interdisciplinary dialogue between sociology, economics, political science and moral philosophy, through both empirical and theoretical work. Empirical papers may be qualitative as well as quantitative, and theoretical papers will not be confined to deductive model-building. Papers suggestive of more generalizable insights into the economy as a domain of social action will be preferred over narrowly specialized work. While firmly committed to the highest standards of scholarly excellence, Socio-Economic Review encourages discussion of the practical and ethical dimensions of economic action, with the intention to contribute to both the advancement of social science and the building of a good economy in a good society.