Economics Dictionary of ArgumentsHome
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| Ordoliberalism: Ordoliberalism is an economic policy theory that advocates a free market economy with a strong regulatory framework provided by the state. This framework is intended to guarantee competition and ensure equal opportunities for all market participants. See also Liberalism, Markets, Economy, Competition, Economic policy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Walter Eucken on Ordoliberalism - Dictionary of Arguments
Mause I 72f Ordoliberalism/Eucken: "Ordoliberalism" is the German variant of neoliberalism, i.e. the effort to revive the classical liberal ideas of Adam Smith and his successors (monetarism and the Austrian school can also be described as neoliberal). Walter Eucken: propagated a thinking in orders to not lose sight of the whole. (1) Thesis: The interdependence of orders, i.e. the connection between economic, social and political order must be observed. EuckenVsMises/EuckenVsMarket radicalism/VsMarket radicals: Eucken was not market radical, but demanded a strong state that would preserve and protect the competitive order as well as social balance. State intervention: must not only be in conformity with the objectives, but also in conformity with the regulations. For example, social policy: not by intervening in the price mechanism (such as setting maximum prices for food and rents or minimum wages), but by making direct payments to the ones in need (such as granting social assistance or housing allowance). VsOrdoliberalism: Ordoliberalism as a whole can be accused of theoretical blurriness. Therefore, it found little recognition outside Germany. Within Germany, too, it was increasingly replaced by neoclassicism. (See also Social Market Economy/Müller-Armack). 1. W. Eucken, Grundsätze der Wirtschaftspolitik. Tübingen 1952_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconEuck I Walter Eucken Grundsätze der Wirtschaftspolitik Tübingen 1952 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Eucken
> Counter arguments in relation to Ordoliberalism
