The Eurosystem has done enough; time for politicians to choose

Jens Weidmann

Walter Eucken is regarded as the founding father of German ordoliberalism, developed by the Freiburg school of economists. The core element of ordoliberalism is competition – not classical, unrestrained competition but protected, ordered competition. The ordoliberals’ objective was always to provide a stable framework for competition, not to actively manage it.

This idea was taken up and modified by the proponents of the social market economy. They identified a need for government economic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account