MOŞTENIREA ORDOLIBERALĂ ŞI VIITORUL GUVERNANŢEI ECONOMICE EUROPENE
THE ORDOLIBERAL LEGACY AND THE FUTURE OF EUROPEAN ECONOMIC GOVERNANCE

Summary/Abstract: This article develops a critical reconstruction of Ordoliberalism for the European Union’s contemporary political economy. It challenges the widespread tendency to equate ordoliberal thought with the austerity-centred governance of the euro-area crisis. While fiscal discipline, rule-based economic governance and monetary stability have genuine affinities with elements of the German ordoliberal tradition, the crisis response should be understood as a historically situated and politically selective mobilisation of ideas rather than as the exhaustive application of classical ordoliberal theory. The article therefore distinguishes between Ordoliberalism as an intellectual tradition, its post-war institutional reception, the policy preferences of German political actors during the euro crisis, and the subsequent institutionalisation of conditionality and fiscal consolidation within European economic governance. Methodologically, the article combines a critical reconstruction of classical ordoliberal principles with an empirically informed normative assessment of selected EU policy fields.

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