Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the University of Freiburg, which is in fact in Germany. It is...

Hayek's evolving thought on gold and the gold standard is complex and, at times, confusing. Hayek initially supported the gold standard and paid special attention to those nations whose central banking policies he viewed as relatively loose. Early on he viewed attempts at stabilization of...

The engineer economist -- The failure of postwar reconstruction -- Rueff and French economic strategy during the Depression -- The crisis of liberalism and the future of liberal capitalism in the 1930s -- L'ordre social and the war -- Reconstruction and inflation -- Keynes, the postwar "age of...

The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets –“natural rate theory”- dominated interpretations of...

Milton Friedman's influence on the economics profession has been enormous. In part, his success was due to political forces that have made neoliberalism the dominant global ideology, but Friedman also rode those forces and contributed to them. Friedman's professional triumph is testament to the...

This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels to the case of ancient Egypt. In doing so, the paper examines the historical applicability of the chartalist and metallist theories of money. It will be shown that the origins...

The objective of Ed Nelson’s two-volume book, Milton Friedman and Economic Debate in the United States, 1932-1972, is to provide an account of Friedman’s views in major monetary-policy debates during the period identified in the book’s title. Nelson tells the story of the development of...

Diese Arbeit untersucht den Einfluss von neoliberalen Ideen auf die Ausgestaltung der Wirtschaftsordnung Westdeutschlands in der Ära Adenauer (1948-1963). Im Fokus steht dabei im ersten Schritt eine Netzwerkanalyse der mit Westdeutschland befassten Mitglieder der Mont Pèlerin Society (MPS)....