The sensitive swings of the European pendulum: Ordoliberal and Neo-Keynesian competitive theories of European integration
The sensitive swings of the European pendulum: Ordoliberal and Neo-Keynesian competitive theories of European integration

Summary/Abstract: he continuing problematic management of the 2010 European economic crisis is the cause and the result of the two contrasting philosophies within the European Union regarding its institutional architecture. The first approach highlights key assumptions about the tradition of German Ordoliberalism, such as the emphasis on respect for rules, on fiscal accountability, on financial solvency and on economic austerity policies. The second approach combines Neo-Keynesian theories, with common features such as flexible and adaptive rules, solidarity, and credit expansion policies. The paper approaches the European Union's crisis of the crisis management in the light of these two competitive philosophies.

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