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Lars Feld (), Ekkehard Koehler, Daniel Nientiedt and Jhet Assistant
Authors registered in the RePEc Author Service: Ekkehard A. Köhler ()

No bs3w5, OSF Preprints from Center for Open Science

Abstract: The work of Walter Eucken (1891–1950), founder of German ordoliberalism, is often described as being in direct opposition to that of John Maynard Keynes. Our paper challenges this claim by making two main arguments. First, we show that Eucken supported a proto-Keynesian stimulus program at the height of the Great Depression, the so-called Lautenbach plan of 1931. Second, we analyze his critique of full employment policy, which reveals that Eucken’s approach to solving macroeconomic problems is fundamentally different, if not necessarily contrary to that of Keynes.

Date: 2020-09-21
New Economics Papers: this item is included in nep-his and nep-hpe
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Working Paper: The German anti-Keynes? On Walter Eucken's macroeconomics (2018) Downloads
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DOI: 10.31219/

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