The Birth of Austerity : German Ordoliberalism and Contemporary Neoliberalism

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. -- Introduction / Part I: Sources / 1. The Ordo Manifesto Of 1936, Walter Eucken, Franz Böhm And Hans Grossmann-doerth / 2. Structural Transformations Of The State And The Crisis Of Capitalism, Walter Eucken / 3. The Different Types Of Economic System, Walter Eucken / 4. Competition As The Basic Principle Of The Economic Constitution, Walter Eucken/ 5. Principles Of Economic Policy, Walter Eucken / 6. Economic Ordering As A Problem Of Economic Policy And A Problem Of The Economic Constitution, Franz Böhm / 7. Decartelization And De-concentration: A Problem For Specialists Or A Fateful Question?, Franz Böhm / 8. State Policy And The Necessary Conditions For Economic Liberalism, Alexander Rüstow / 9. General Sociological Causes Of The Economic Disintegration And Possibilities Of Reconstruction, Alexander Rüstow / 10. Social Policy Or Vitalpolitik (organic Policy), Alexander Rüstow / Part Ii: Analyses / 11. Ordoliberalism As Governmentality, Johanna Oksala / 12. Europe After Ordoliberalism: A Philippic, Christian Joerges / 13. Is Germany's And Europe's Crisis Politics Ordoliberal And/or Neoliberal?, Brigitte Young / 14. Economic Order And Political Intervention. Michel Foucault On Ordoliberalism And Its Governmental Rationality, Lars Gertenbach. Edited By Thomas Biebricher And Frieder Vogelmann. Includes Bibliographical References And Index. Title Page 4 Copyright 5 Table of Contents 6 1 Introduction • Thomas Biebricher and Frieder Vogelmann 8 Part I: Sources 30 Contextualisation 1: The Ordo Manifesto 30 2 The Ordo Manifesto of 1936 • Franz Böhm, Walter Eucken and Hans Großmann-Doerth 34 Contextualisation 2: Walter Eucken 48 3 Structural Transformations of the State and the Crisis of Capitalism • Walter Eucken 58 4 The Different Types of Economic System • Walter Eucken 80 5 Competition as the Basic Principle of the Economic Constitution • Walter Eucken 88 6 What is the Competitive Order? • Walter Eucken 106 Contextualisation 3: Franz Böhm 116 7 Economic Ordering as a Problem of Economic Policy and a Problem of the Economic Constitution • Franz Böhm 122 8 Decartelisation and De-concentration: A Problem for Specialists or a Fateful Question? • Franz Böhm 128 Contextualisation 4: Alexander Rüstow 144 9 State Policy and the Necessary Conditions for Economic Liberalism • Alexander Rüstow 150 10 General Sociological Causes of the Economic Disintegration and Possibilities of Reconstruction • Alexander Rüstow 158 11 Social Policy or Vitalpolitik (Organic Policy) • Alexander Rüstow 170 Part II: Analyses 186 12 Ordoliberalism as Governmentality • Johanna Oksala 188 13 Europe after Ordoliberalism: A Philippic • Christian Joerges 204 14 Is Germany’s and Europe’s Crisis Politics Ordoliberal and/or Neoliberal? • Brigitte Young 228 15 Economic Order and Political Intervention: Michel Foucault on Ordoliberalism and its Governmental Rationality • Lars Gertenbach 246 Index 268 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 Ropke to Franz Bohm, Alexander Rustow 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."