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F.A. Hayek and Ordoliberalism: A Comparative Study

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  • Nazmi Tolga TUNCER

Abstract

This paper is a comparative study of two lines of thought in political economy which can be related to the German city of Freiburg. The Freiburg School which is also known as Ordoliberalism, constituted one of the foundations of the economic order in postwar West Germany. On the other hand, Nobel Prize holder Austrian economist Friedrich August von Hayek, who spent a considerable part of his life in Freiburg, in University of Freiburg, strongly inspired the neo-liberal policies in the western world in the 80’s. In this work, we analyse the main differences and similarities of these two liberal lines of economic thought.

Suggested Citation

  • Nazmi Tolga TUNCER, 2013. "F.A. Hayek and Ordoliberalism: A Comparative Study," Sosyoekonomi Journal, Sosyoekonomi Society, issue 20(20).
    • Handle: RePEc:sos:sosjrn:130208
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    References listed on IDEAS

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    1. Hayek, F. A., 2012. "Hayek on Hayek," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226321202 edited by Kresge, Stephen & Wenar, Leif, December.
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    More about this item

    Keywords

    Freiburg School; Hayek; Ordoliberalism; Constitutional Economics; Walter Eucken.;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913

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