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German Economic Model:
Past and Present
Conservative Institute of M. R. Štefánik
Hotel Devín Bratislava
April 20, 2022
Prof. Dr. Stefan Kolev
University of Applied Sciences Zwickau
Wilhelm Röpke Institute Erfurt
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
Germany in the 19th century
History of economic thought Economic history
Germany in the 19th century
Germany in the 19th century
Germany in the 19th century
Germany in the 19th century
Modern
society
(vs.
pre-modern
community)
Contextual vs. isolating economics
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
The interwar explosion of order(s)
The interwar explosion of order(s)
Modern
society
(vs.
pre-modern
community)
Contextual vs. isolating economics
The interwar explosion of order(s)
Walter Eucken
(1891-1950)
F. A. Lutz
(1901-1975)
F. A. Hayek
(1899-1992)
Ludwig von Mises
(1881-1973)
Henry C. Simons
(1899-1946)
Frank H. Knight
(1885-1972)
“good
interventionism” ?
From equilibrium (business cycles)
to order (Western civilization)
From purely positive (academia) to
openly normative (agora)
Birth of the ordoliberal
Freiburg School
School dimensions:
• Substantive
• Structural
• Social
Walter Eucken
(1891-1950)
Franz Böhm
(1895-1977)
Alexander Rüstow
(1885-1963)
Wilhelm Röpke
(1899-1966)
Economic order = rules of the game
Economic process = moves of the game
Birth of the ordoliberal
Freiburg School
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
n generations -> n-1 neoliberalisms
Colloque Walter Lippmann 1938
Mont Pèlerin Society 1947
Hayek: Reconnecting German and Italian scholars
to their Anglo-Saxon and French peers
Mont Pèlerin Society 1947
Ludwig Erhard as a
political entrepreneur
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
FRG’s two miracles
Social Market Economy = ?
Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide
Germany’s economy in a
nutshell: Zwickau
Agenda
Thank you & Ďakujem!

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Stefan Kolev: German Economic Model: Past and Present | CEQLS Lecture

  • 1. German Economic Model: Past and Present Conservative Institute of M. R. Štefánik Hotel Devín Bratislava April 20, 2022 Prof. Dr. Stefan Kolev University of Applied Sciences Zwickau Wilhelm Röpke Institute Erfurt
  • 2. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 3. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 4. Germany in the 19th century
  • 5. History of economic thought Economic history Germany in the 19th century
  • 6. Germany in the 19th century
  • 7. Germany in the 19th century
  • 8. Germany in the 19th century Modern society (vs. pre-modern community) Contextual vs. isolating economics
  • 9. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 10. The interwar explosion of order(s)
  • 11. The interwar explosion of order(s)
  • 12. Modern society (vs. pre-modern community) Contextual vs. isolating economics The interwar explosion of order(s)
  • 13. Walter Eucken (1891-1950) F. A. Lutz (1901-1975) F. A. Hayek (1899-1992) Ludwig von Mises (1881-1973) Henry C. Simons (1899-1946) Frank H. Knight (1885-1972) “good interventionism” ?
  • 14. From equilibrium (business cycles) to order (Western civilization) From purely positive (academia) to openly normative (agora)
  • 15. Birth of the ordoliberal Freiburg School School dimensions: • Substantive • Structural • Social Walter Eucken (1891-1950) Franz Böhm (1895-1977) Alexander Rüstow (1885-1963) Wilhelm Röpke (1899-1966)
  • 16. Economic order = rules of the game Economic process = moves of the game Birth of the ordoliberal Freiburg School
  • 17. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 18. n generations -> n-1 neoliberalisms Colloque Walter Lippmann 1938
  • 19. Mont Pèlerin Society 1947 Hayek: Reconnecting German and Italian scholars to their Anglo-Saxon and French peers
  • 21. Ludwig Erhard as a political entrepreneur
  • 22. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 23. FRG’s two miracles Social Market Economy = ?
  • 24. Agenda • Germany in the 19th century: – Ideas and economics / Power and politics • The interwar implosion of the economic order • The immediate postwar years: – Ideas and economics / Power and politics • FRG’s two miracles in economics and politics • Today’s German economic model: – Global economy with an East/West divide
  • 25. Germany’s economy in a nutshell: Zwickau
  • 26. Agenda Thank you & Ďakujem!