Constitutive Principles and Regulative Principles of the Ordoliberal Wettbewerbsordnung. On Walter Eucken

Abstract

The recent crisis of the Eurozone has led scholars and activists to critically consider the ordoliberal tradition of thought, in order to underline the ideological and effective primacy of the German interests within EU’s economic and monetary policies. Starting from this last widespread assertion, the author, after having recalled the differences which exist among the liberalism of the “Freiburg School” and that of the “Vienna School”, analyzes and discusses the principles of Walter Eucken’s economic policy, in particular, the “constitutive principles” and the “regulative principles” of his Wettbewerbsordnung. Nevertheless, if it is true that the ordoliberal concept of competition is based on a Leistungsprinzip which requires a starker Staat, how does the Wettbewerbsordnung coexist with EU’s systems of governance? Actually, says the author, the multilevel European governance seems to be better understood if intended as a “hybrid”, with respect to which not always Ordoliberalism plays a role consistent with its tradition.