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Nobel laureate Friedrich Hayek once warned that “the economist who is only an economist is likely to become a nuisance if not a positive danger.” As an economist and theorist of liberalism, Wilhelm Röpke was acutely aware of this danger. His combined commitments to sound economic analysis, the importance of social institutions, and the moral and religious framework of the Christian tradition make him a unique figure in the history of economic and social thought. This anthology, through carefully chosen selections from Röpke’s writings, introduces the contemporary reader to this most humane economist and theorist of the free and virtuous society.
Roepke's The Social Crisis of Our Time is a series of blasts against the "malformations" of economics: the Nazi and Communist forms of collectivism both come in for severe criticism
Roepke's The Social Crisis of Our Time is a series of blasts against the "malfor-mations" of economics: the Nazi and Communist forms of collectivism both come in for severe criticism. Roepke shows the process by which the Western liberal tradition itself makes possible these rebellions against open economic systems. The drive toward social welfare, full employment policies, and the state management of fi scal fl uctuations all lead away from free societies no less than market economies.
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