About Walter Eucken
Walter Eucken (German: [ˈɔʏkn̩]; 17 January 1891 – 20 March 1950) was a German economist of the Freiburg school and father of ordoliberalism. Ordoliberalism was based on the concept of social market economy balancing free markets with regulatory oversight. The Walter Eucken Institut was founded four years after his death and his ideas influenced West Germany’s economic policy. The idea of ordoliberalism was introduced for the first time in 1937 in Ordnung der Wirtschaft (Economic Order), a periodical published by Walter Eucken, Franz Böhm and Hans Großmann-Doerth. After the war ended, Eucken went to Berlin University where he became a full professor in 1921 (thesis: Die Stickstoffversorgung der Welt).
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