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The Birth of Austerity

German Ordoliberalism and Contemporary Neoliberalism

Edited by Thomas Biebricher and Frieder Vogelmann

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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Rowman & Littlefield International
Pages: 256Size: 6 x 9
978-1-78660-110-0 • Hardback • October 2017 • $125.00 • (£85.00)
978-1-78660-111-7 • Paperback • October 2017 • $41.95 • (£27.95)
978-1-78660-112-4 • eBook • October 2017 • $40.99 • (£27.95) (coming soon)
Thomas Biebricher is Professor of Political Theory and Philosophy at the Goethe-Universität.

Frieder Vogelmann is a Research Fellow in Political Theory at the Institute for Intercultural and International Studies, Bremen University.
Introduction / Part I: Sources /1. Our Task (Unsere Aufgabe), Walter Eucken, Franz Böhm and Hans Grossmann-Doerth / 2. Foundations of Economics (excerpts), Walter Eucken / 3. Principles of Economic Policy (Grundsätze der Wirtschaftspolitik) (excerpt), Walter Eucken / 4. Structural Transformations of the State and the Crisis of Capitalism (Staatliche Strukturwandlungen und die Krisis des Kapitalismus) (excerpts),Walter Eucken/ 5. Competition as the Basic Principle of the Economic Constitution (Wettbewerb als Grundprinzip der Wirtschaftsverfassung), Walter Eucken / 6. Economic Order as an Historical Task and an Achievement of Lawmaking (Die Ordnung der Wirtschaft als geschichtliche Aufgabe und rechtsschöpferische Leistung) (excerpt), Franz Böhm / 7.
The Liquidation of Cartels and the Disentanglement of Corporations (Kartellauflösung und Konzernentflechtung), Franz Böhm / 8. General Sociological Causes of the Economic Disintegration and Possibilities of Reconstruction (excerpt), Alexander Rüstow / 9. Free Economy – Strong State (Freie Wirtschaft – Starker Staat), Alexander Rüstow / 10. Social politics or Vitalpolitik (Sozialpolitik oder Vitalpolitik), Alexander Rüstow / 11. The Social Crisis of our Times (excerpt), Wilhelm Röpke / Part II: Analyses / 12. The rise and decline of ordoliberal economic constitutionalism. A melancholic eulogy, Christian Joerges / 13. Is Ordoliberalism the ‘Iron Cage’ of the Eurozone?, Brigitte Young / 14. Ordoliberalism as Governmentality: A Foucaudian Perspective, Johanna Oksala /15. Economic Order and Political Intervention. Principles of Ordoliberal Economics and its Governmental Rationality, Lars Gertenbach