Abstract

http://ssrn.com/abstract=2142529
 


 



The Ordoliberal Variety of Neoliberalism


Gerhard Schnyder


King's College London; Centre for Business Research

Mathias M. Siems


Durham University - Durham Law School; University of Cambridge - Centre for Business Research

September 6, 2012

Suzanne Konzelmann and Marc Fovargue-Davies (eds.), Banking Systems in the Crisis: The Faces of Liberal Capitalism, Abingdon: Routledge, 2013, pages 250-268.

Abstract:     
Ordoliberalism differs from other liberal theories in not supporting the simplistic idea that the ‘government is the problem’. The aim of this chapter is therefore to explain the core features of ordoliberalism and distinguish it from other varieties of liberalism. We also show that ordoliberal concepts are not isolated phenomena but that they are related to institutional economic ideas under different names. Such ‘ordo-institutional’ perspectives have gained in appeal in the context of the current financial crisis, because they seem to attenuate extreme views of market libertarianism, while still accommodating broadly neoliberal, anti-Keynesian and anti-socialist ideas.

This paper complements our research available at: http://ssrn.com/abstract=2336475

Number of Pages in PDF File: 29

Keywords: ordoliberalism, neoliberalism, Chicago School, institutional economics, financial crisis

JEL Classification: A12, A14, B00, B25, B41, B52, G01, K20, N42, N44, P51

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Date posted: September 7, 2012 ; Last revised: January 29, 2014

Suggested Citation

Schnyder, Gerhard and Siems, Mathias M., The Ordoliberal Variety of Neoliberalism (September 6, 2012). Suzanne Konzelmann and Marc Fovargue-Davies (eds.), Banking Systems in the Crisis: The Faces of Liberal Capitalism, Abingdon: Routledge, 2013, pages 250-268.. Available at SSRN: http://ssrn.com/abstract=2142529

Contact Information

Gerhard Schnyder
King's College London ( email )
150 Stamford Street
London, SE1 9NN
United Kingdom
++44 (0)20 7848 4633 (Phone)
HOME PAGE: http://www.kcl.ac.uk/schools/sspp/mgmt/people/academic/schnyder/
Centre for Business Research ( email )
University of Cambridge
Judge Business School Building
Cambridge, CB2 1AG
United Kingdom
++44 (0)1223 765325 (Phone)
HOME PAGE: http://www.cbr.cam.ac.uk/people/Schnyder.htm
Mathias M. Siems (Contact Author)
Durham University - Durham Law School ( email )
Stockton Road
Durham, County Durham DH1 3LE
United Kingdom
HOME PAGE: http://www.dur.ac.uk/mathias.siems
University of Cambridge - Centre for Business Research ( email )
Top Floor, Judge Business School Building
Trumpington Street
Cambridge, CB2 1AG
United Kingdom
HOME PAGE: http://www.cbr.cam.ac.uk/about_us/siems.htm
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