Ordoliberalism and Political Theology: On the Government of Stateless Money

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The euro is a stateless currency. In the context of European Union, the ordoliberal argument that economic liberty amounts to a political practice and that the state is the predominant power in the relationship to free economy appears dated. This is however not the case at all. The Euro rests on the capacity of the federated Member States to operate in concert as executive states of Monetary Union. The notion of an executive state belongs to Carl Schmitt’s political theology. It also characterises the ordoliberal idea of freedom as a practice of government. European Union incorpo- rates the role of the state in sustaining supranational relations of law, market and money.
Original languageEnglish
Title of host publicationOrdoliberalism, Law and the Rule of Economics
EditorsJosef Hien, Christian Joerges
Place of PublicationOxford
PublisherHart Publishing
ISBN (Print)9781509919048
Publication statusPublished - 2018

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