IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

National Schools of Economic Thought in Germany and the Theory of Social Market Economy

Listed author(s):
  • Khudokormov, Alexander G.

    (Lomonosov Moscow State University)

  • Nevskiy, Sergey I.

    (Lomonosov Moscow State University)

Since the 19th century, development of economic scientific schools in Germany was under the influence of specific historical realities – processes of industrialization, unification of the German states, world wars, economic crises, and so on. At different historical stages, representatives of the three generations of the German historical school — social school, ordoliberalism of the Freiburg school, or the theory of the social market economy — mostly advocated the idea of state reformism and paternalism demanding the existence of a “strong state” that provides the institutional framework of law and order (“ordnungsrahmen”). To some extent, they exerted intellectual influence on the development of the principles of economic policy in Germany forming its economic constitution and determining the nation’s economic culture. This article traces the history of the genesis of the ideological foundations of the social market economy — the concept that laid the basis for the “economic miracle” in the post-war West Germany. As is known, the theoretical framework of this concept was based on various streams of socio-economic and legal thought. Firstly, we focus on the cultural and historical context of the formation of national economic schools in Germany in the second half of the 19th and beginning of the 20th century. Then we examine the main features of the crisis of the German economic science in the Weimar period and analyze the background for the emergence of the neoliberal economic thought in the second quarter of the 20th century. Furthermore, we explore the methodological nature of the ordoliberal doctrine of the Freiburg school (the theory of the competitive order) and systematize the basic principles of the theory of the social market economy. Finally, we do a brief historiographical excursus into the scientific discourse in Russia on the theory and practice of the social market economy in Germany.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: ftp://w82.ranepa.ru/rnp/ecopol/ep1749.pdf
Download Restriction: no

Article provided by Russian Presidential Academy of National Economy and Public Administration in its journal Economic Policy.

Volume (Year): 4 (2017)
Issue (Month): (August)
Pages: 204-249

as
in new window

Handle: RePEc:rnp:ecopol:ep1749
Contact details of provider: Postal:
82, Vernadsky pr., 117571, Moscow

Phone: +7 (499) 956 95 86
Fax: (095) 564-85-80
Web page: http://www.rane.ru/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:ep1749. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (RANEPA maintainer)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.