Birth of Austerity

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. 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, Christia

This book is indispensable reading for everyone interested in current debates on institutional economics, economic policy, the crisis of the Euro, and the role of Germany in it. It assembles several master texts from the Ordoliberal School, most of which were never published in English, and provides a lucid introduction into a widely unknown “Third Way” tradition in economic theory and policy.