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Brigitte Young

In: The SAGE Handbook of Neoliberalism

Chapter 14: Contemporary Anglo-Saxon Neoliberalism is not German Ordoliberalism1

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Contemporary Anglo-Saxon Neoliberalism is not German Ordoliberalism1
Contemporary Anglo-Saxon Neoliberalism is not German Ordoliberalism
Brigitte Young
Introduction

It is a puzzle how a rather unknown German economic school has become an academic and media ‘household’ word in the Anglo-Saxon world.2 The conundrum of explaining the emergence of ordoliberalism on the international stage is all the more vexing since ordoliberalism plays virtually no role in the teachings of German economic departments, nor is it found in mainstream textbooks as a specific variant of liberal economic ideas (Dold and Krieger, 2017). Equally puzzling is that ordoliberalism is only regarded in negative terms. This has to do with the supposedly hegemonic German management of the Euro crisis and the ‘imposed austerity’ on highly indebted peripheral ...

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