The Eurozone crisis has opened fault lines between German economists and policymakers and those in a number of Eurozone (in particular periphery) countries. A new eBook – published as a result of a workshop at CES – explains the historical development of the ordoliberal school of economics and its influence on German policymaking, and contrasting it critically with what we like to call the Anglo-Saxon-Latin pragmatism of economic policymaking.
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“Hungary and Poland can no longer be considered liberal democracies. In both countries, the authoritarian institutional system has been established, giving largely unrestricted political power to the ruling party. While they are still not dictatorships, the potential for authoritarian rule increases considerably with every new legislation expanding the power of the government.”