Wilhelm Röpke (10 October 1899 – 12 February 1966) was Professor of Economics, first in Jena, then in Graz, Marburg, Istanbul and finally Geneva, Switzerland, and one of the spiritual fathers of the social market economy, theorizing and collaborating to organize the post-World War II economic re-awakening of the war-wrecked German economy, deploying a program sometimes referred to as the sociological neoliberalism (compared to ordoliberalism, a more sociologically inclined variant of German neoliberalism).
Discusses the evolution of the gold standard, from the creation of the Bank of England (1694), the Bank Restriction Act (1797), arguments for its repeal by David Ricardo and John Stuart Mill, and its international development until the 1890s
The international "open society" of the 19th century was the creation of the "liberal spirit" in the widest sense, [guided by] the liberal principle that economic affairs should be free from political direction, the principle of a thorough separation between the spheres of government and of economy ... The economic process was thereby removed from the sphere of officialdom, of public and penal law, in short from the sphere of the "state" to that of the "market," of private law, of property, in short to the sphere of "society."
Historical and anecdotal essay about the founding of the Mont Pelerin Society and its first meeting
The introductory paragraph uses material from the Wikipedia article "Wilhelm Röpke" as of 8 Aug 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.