Contents

I What is ordoliberalism?

  1 Introduction
  Thorsten Beck and Hans-Helmut Kotz

  2 Rule Germania 
  Harold James

 3 Ordoliberalism as an ‘irritating German idea’ 
  Brigitte Young

  4 The “Dark Ages of German macroeconomics” and other alleged shortfalls in German economic thought
  Lars P. Feld, Ekkehard A. Köhler and Daniel Nientiedt

  5 Ordnungsökonomik or Teutonomik? 
  Michael C. Burda

  6 Don’t shoot the messenger: About the diversity of economic policy conclusions in the face of severe identification issues 
  Christoph M. Schmidt

II Ordoliberalism and crisis resolution

  7 Unconventional measures – a case of realpolitik? 
  Peter Praet

  8 Ordoliberalism, post-crisis monetary policy and the German ‘Angst’ 
  Adalbert Winkler

  9 Banking union: Rules versus discretion? 
  Thorsten Beck and Hans-Helmut Kotz

III Ordoliberalism and macro-management

  10 What’s wrong with EZ: Conflicting narratives
  Oliver Landmann

  11 German ordoliberals vs American pragmatists: What did they get right or wrong in the euro crisis? 
  Jeffrey Frankel

  12 The euro and ordoliberalism
  Charles Wyplosz

  13 German ordo and Eurozone reform: a view from the trenches
  Jeromin Zettelmeyer

IV Ordoliberalism and global imbalances

  14 Global imbalances – coordinating with different script books
  Philipp Steinberg

  15 Germany and the world economy
  Richard N. Cooper

  16 The German current-account surplus: Causes and consequences
  Gabriel Felbermayr, Clemens Fuest, and Timo Wollmershäuser

  17 Unequal imbalances
  Agnès Bénassy-Quéré

  18 Local politics & textbook economics at the heart of Europe’s financial crisis
  Christopher Smart