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The Influence of Ordoliberalism in European Integration Processes - A Framework for Ideational Influence with Competition Policy and the Economic and Monetary Policy as Examples

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  • Nedergaard, Peter

Abstract

How can one study the ideational influence of ordoliberalism on European integration processes? This is the overarching question answered in this paper where I propose a refined methodology, taking into account that the influence of ordoliberalism can vary over time and, more importantly, that its influence has to be measured on the backdrop of a detailed specification of the characteristics of ordoliberalism itself compared to the strongest ideational alternatives. I have carefully identified these alternatives as interventionism (competition policy), laissez-faire liberalism (competition policy), and Keynesianism (economic and monetary policy). I show the usability of my framework; however, I also point to the fact that more analyses are needed, especially where traces of ordoliberal influence does not seem likely to find.

Suggested Citation

  • Nedergaard, Peter, 2013. "The Influence of Ordoliberalism in European Integration Processes - A Framework for Ideational Influence with Competition Policy and the Economic and Monetary Policy as Examples," MPRA Paper 52331, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:52331
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    References listed on IDEAS

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    1. Pinar Akman & Hussein Kassim, 2010. "Myths and Myth-Making in the European Union: The Institutionalization and Interpretation of EU Competition Policy," Journal of Common Market Studies, Wiley Blackwell, vol. 48, pages 111-132, January.
    2. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753.
    3. Volker Berghahn & Brigitte Young, 2013. "Reflections on Werner Bonefeld's 'Freedom and the Strong State: On German Ordoliberalism' and the Continuing Importance of the Ideas of Ordoliberalism to Understand Germany's (Contested) Role in Resol," New Political Economy, Taylor & Francis Journals, vol. 18(5), pages 768-778, October.
    4. Charles Wyplosz, 2006. "European Monetary Union: the dark sides of a major success [‘The macroeconomics of low inflation’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(46), pages 208-261.
    5. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302.
    6. Pinar Akman & Hussein Kassim, 2010. "Myths and Myth‐Making in the European Union: The Institutionalization and Interpretation of EU Competition Policy," Journal of Common Market Studies, Wiley Blackwell, vol. 48(1), pages 111-132, January.
    7. Pierre Rosanvallon, 1987. "Histoire des idées keynésiennes en France," Revue Française d'Économie, Programme National Persée, vol. 2(4), pages 22-56.
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    Cited by:

    1. Stephan Puehringer, 2016. "Think Tank networks of German neoliberalism. Power structures in economics and economic policies in post-war Germany," ICAE Working Papers 53, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    2. Arnaud Lechevalier, 2015. "Eucken under the Pillow: The Ordoliberal Imprint on Social Europe," Post-Print halshs-03781875, HAL.

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    More about this item

    Keywords

    political economy; Europe; ordoliberalism; competition policy; economic policy;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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