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