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‘Ordo’ versus ‘Ordnung’: Catholic or Lutheran roots of German ordoliberal economic theory?

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  • Troels Krarup

    (University of Copenhagen)

Abstract

Ordoliberalism is a German tradition of economic and political theory whose influence on the post-2008 European landscape has been substantial. Ordoliberalism professes a strong state to safeguarding competition against monopolies, argues for a strict anti-inflationary policy and for the rigid enforcement of debtor obligations. This reflects the early ordoliberalism’s deep concern with the political and economic crises in Germany during the interwar years. The article demonstrates that early ordoliberalism was simultaneously deeply concerned with religious issues related to social order. Rather than seeing religious and economic engagements as two separate spheres, the article shows their deep interrelatedness in early ordoliberal thought. More specifically, the article seeks to challenge the established view that the religious inspirations of early ordoliberalism were predominantly Catholic, as reflected in the Thomist notion of ordo. By contrast, the article argues that ordo was largely an invention of the post-war strategy of the alliance with Catholic social thought and that the deeper concern of the early ordoliberals was predominantly with Lutheran Evangelical Ordnung.

Suggested Citation

  • Troels Krarup, 2019. "‘Ordo’ versus ‘Ordnung’: Catholic or Lutheran roots of German ordoliberal economic theory?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 66(3), pages 305-323, September.
  • Handle: RePEc:spr:inrvec:v:66:y:2019:i:3:d:10.1007_s12232-019-00323-y
    DOI: 10.1007/s12232-019-00323-y
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    References listed on IDEAS

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    4. Werner Bonefeld, 2012. "Freedom and the Strong State: On German Ordoliberalism," New Political Economy, Taylor & Francis Journals, vol. 17(5), pages 633-656, November.
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    More about this item

    Keywords

    Ordoliberalism; Theology; Religion; Economic theory; Discourse; Archaeology;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other

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