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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 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 fiscal fluctuations all lead away from free societies no less than market economies.
The work is far from a stuffy treatise. Roepke well appreciates that the role of multilateralism and free trade were made possible by a genuine world economic order. Whether that order was under the nominal tutelage of a Pax Christiana or a Pax Britannica mattered less than the sense of openness that new forms of trade with minimal handicaps made possible. At a time when the multilateral character of world trade is again on the agenda, Roepke's work sounds an amazingly fresh as well as a prophetic note.
The new Introduction of William Campbell, distinguished professor of economics at the Louisiana State University is a model of historical and biographical recollection. Campbell situates Roepke in his place and time as few others have. He also places The Social Crisis of Our Time in a context of his other writings. Campbell's essay gives special place to Roepke's post-World War II struggles in the ideological realm--when it became plain that the termination of Nazism was hardly the end of the totalitarian temptation. As such, the volume will be of great appeal to historians of ideas no less than to those interested in the broader implication of free market, free choice economics.
The work is far from a stuffy treatise. Roepke well appreciates that the role of multilateralism and free trade were made possible by a genuine world economic order. Whether that order was under the nominal tutelage of a Pax Christiana or a Pax Britannica mattered less than the sense of openness that new forms of trade with minimal handicaps made possible. At a time when the multilateral character of world trade is again on the agenda, Roepke's work sounds an amazingly fresh as well as a prophetic note.
The new Introduction of William Campbell, distinguished professor of economics at the Louisiana State University is a model of historical and biographical recollection. Campbell situates Roepke in his place and time as few others have. He also places The Social Crisis of Our Time in a context of his other writings. Campbell's essay gives special place to Roepke's post-World War II struggles in the ideological realm--when it became plain that the termination of Nazism was hardly the end of the totalitarian temptation. As such, the volume will be of great appeal to historians of ideas no less than to those interested in the broader implication of free market, free choice economics.
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