Konzervatívny inštitút M. R. Štefánika organizoval v Bratislave dňa 20. apríla 2022 ďalšiu z cyklu prednášok Conservative Economic Quarterly Lecture Series /CEQLS/. Viac na www.konzervativizmus.sk

1. German Economic Model:
Past and Present
Conservative Institute of M. R. Štefánik
Hotel Devín Bratislava
April 20, 2022
Prof. Dr. Stefan Kolev
University of Applied Sciences Zwickau
Wilhelm Röpke Institute Erfurt

2. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

3. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

4. Germany in the 19th century

5. History of economic thought Economic history
Germany in the 19th century

6. Germany in the 19th century

7. Germany in the 19th century

8. Germany in the 19th century
Modern
society
(vs.
pre-modern
community)
Contextual vs. isolating economics

9. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

10. The interwar explosion of order(s)

11. The interwar explosion of order(s)

12. Modern
society
(vs.
pre-modern
community)
Contextual vs. isolating economics
The interwar explosion of order(s)

13. Walter Eucken
(1891-1950)
F. A. Lutz
(1901-1975)
F. A. Hayek
(1899-1992)
Ludwig von Mises
(1881-1973)
Henry C. Simons
(1899-1946)
Frank H. Knight
(1885-1972)
“good
interventionism” ?

14. From equilibrium (business cycles)
to order (Western civilization)
From purely positive (academia) to
openly normative (agora)

15. Birth of the ordoliberal
Freiburg School
School dimensions:
• Substantive
• Structural
• Social
Walter Eucken
(1891-1950)
Franz Böhm
(1895-1977)
Alexander Rüstow
(1885-1963)
Wilhelm Röpke
(1899-1966)

16. Economic order = rules of the game
Economic process = moves of the game
Birth of the ordoliberal
Freiburg School

17. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

18. n generations -> n-1 neoliberalisms
Colloque Walter Lippmann 1938

19. Mont Pèlerin Society 1947
Hayek: Reconnecting German and Italian scholars
to their Anglo-Saxon and French peers

20. Mont Pèlerin Society 1947

21. Ludwig Erhard as a
political entrepreneur

22. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

23. FRG’s two miracles
Social Market Economy = ?

24. Agenda
• Germany in the 19th century:
– Ideas and economics / Power and politics
• The interwar implosion of the economic order
• The immediate postwar years:
– Ideas and economics / Power and politics
• FRG’s two miracles in economics and politics
• Today’s German economic model:
– Global economy with an East/West divide

25. Germany’s economy in a
nutshell: Zwickau

26. Agenda
Thank you & Ďakujem!