Monday, June 17, 2024



Conceptually, the intelligentsia standing class arose within the late 18th century, through the Russian Partitions of Poland (1772–1795). Fèvre points out that “ordoliberal tradition permeates the entire political sphere and has become an virtually necessary reference level for the German elite.” Even today’s Social Democrats find themselves compelled to pay lip-service to ordoliberal ideas. More concretely, the German Bundesbank’s status for being tough-minded about financial coverage and its emphasis upon following non-discretionary guidelines arguably displays lasting ordoliberal influences. This was also the model upon which the European Central Bank was based.

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