German ordoliberalism favors state framework provision over neoliberal state withdrawal.

Evidence

A second, subtler, ideological argument that pushes in the same direction is that German policy makers are “ordoliberals” (literally, order liberals) rather than neoliberals. … Rather, the German ordoliberal tradition stresses the importance of state provision of the Ramenbedingungen (framework conditions) within which markets can operate. … In short, regulation to make the market possible, rather than regulation to police its rough edges, becomes, along with strong budgetary discipline, the core of a Sozialmarktwirtschaft (social market economy), where the state regulates but doesn’t stimulate or experiment, especially with the budget. Ordnungspolitik, a politics of order and stability, especially financial stability policed by a strong independent central bank, is the result. — Mark Blyth, Austerity, 164

Categorization

  • DEFINE: Defines ordoliberalism, Ramenbedingungen, Sozialmarktwirtschaft, and Ordnungspolitik as distinct from neoliberalism.
  • XREF: Connects directly to Mattei on austerity and to how the German model differs from Anglo-American neoliberalism. — connects to: West German postwar restoration followed an anti-welfare neoliberal programme; German ordoliberalism inverted the classical liberal problem of limiting the state — Michel Foucault, The Birth of Biopolitics: Lectures at…, 560; Ordoliberalism grants the state a stronger role than Austrian or Chicago neoliberalism does — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 503 (+14 more)

Broader Connections