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Ordoliberalism and the Rethinking of Liberal Rationality

In: Political Economy and International Order in Interwar Europe

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  • Timo Miettinen

    (University of Helsinki)

Abstract

Ordoliberalism is often referred to as the German version of neoliberalism and the dominant economic ideology behind the European economic constitution. Following the German experience of the interwar period, ordoliberal theory is best known for its emphasis on state and rule-based coordination for a functioning market economy. This article deals with the intellectual genealogy of ordoliberalism. It challenges conventional interpretations that frame ordoliberalism as a reaction to historical events, political ideologies, or competing economic theories. Instead of a political or economic doctrine, the project examines ordoliberalism as a philosophical and moral program that formulated itself in opposition to classical liberalism.

Suggested Citation

  • Timo Miettinen, 2021. "Ordoliberalism and the Rethinking of Liberal Rationality," Palgrave Studies in the History of Economic Thought, in: Alexandre M. Cunha & Carlos Eduardo Suprinyak (ed.), Political Economy and International Order in Interwar Europe, chapter 0, pages 269-295, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-030-47102-6_10
    DOI: 10.1007/978-3-030-47102-6_10
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