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The Making of the “Third Way”: Wilhelm Röpke, Luigi Einaudi, and the Identity of Neoliberalism

In: Wilhelm Röpke (1899–1966)

Author

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  • Alberto Giordano

    (University of Genoa)

Abstract

Giordano explores the support and impulses which Wilhelm Röpke and Luigi Einaudi, one of the most influential Italian economists of the twentieth century, exchanged during their long and intense intellectual relationship. Their exchange continued from the mid-1930s until Einaudi’s death in 1961. Giordano focuses on their common vision of a liberal “Third Way” between totalitarian collectivism and historical capitalism. In their view, the true nature of the free market economy could only unfold if it was embedded in an “ethical-legal framework.” They also shared a diagnosis of the crisis of Western civilization. Despite some differences, both Röpke and Einaudi accompanied the incipient process of European integration, attempting to guide it toward the principles of the “Third Way.”

Suggested Citation

  • Alberto Giordano, 2018. "The Making of the “Third Way”: Wilhelm Röpke, Luigi Einaudi, and the Identity of Neoliberalism," The European Heritage in Economics and the Social Sciences, in: Patricia Commun & Stefan Kolev (ed.), Wilhelm Röpke (1899–1966), pages 41-64, Springer.
    • Handle: RePEc:spr:euhchp:978-3-319-68357-7_4
    DOI: 10.1007/978-3-319-68357-7_4
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