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Birth of Austerity: German Ordoliberalism and Contemporary Neoliberalism

Birth of Austerity: German Ordoliberalism and Contemporary Neoliberalism

Hardcover

EconomicsGeneral Political Science

ISBN10: 1786601109
ISBN13: 9781786601100
Publisher: Rowman & Littlefield Publishers
Published: Sep 1 2017
Pages: 278
Weight: 1.40
Height: 1.00 Width: 6.10 Depth: 9.10
Language: English

Ordoliberalism and the 'Freiburg School' have gained traction in contemporary political economy in response to two factors: a rising interest in governmentality studies and the banking, financial and sovereign debt crisis in Europe. In the face of these crises, Germany has assumed a position of quasi-hegemony in the European Union, making decisions about bailouts, the politics of crisis management and the rise of austerity.

This volume gathers together English translations of seminal ordoliberal texts by thinkers ranging from Walter Eucken and Wilhelm Röpke to Franz Böhm, Alexander Rüstow and Hans Grossmann-Doerth. Offering some foundational insights into ordoliberalism, these essays give insight into a field that is much misunderstood outside Germany. The second half of the book comprises of analyses of contemporary issues in light of ordoliberal thought, showing how its ideas endure and relate directly to austerity policy across Europe.

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