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. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Grundsätze der Wirtschaftspolitik Tübingen 1952
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018