<p>Liberal democracies are under increasing pressure. Growing discontent about inequality lack of political participation and identity have rekindled populism and a shift away from liberal values. </p><p> This book argues that liberalism's reliance on a utilitarian policy framework has resulted in increased concentrations of power restricting freedom and equality. It examines five key areas of public policy: monetary policy private property and liability the structure of the state product markets and labour markets. </p><p> Drawing on the German ordoliberal tradition and its founding principle of the dispersal of power the book proposes an alternative public policy framework. In doing so it offers a practical pathway to realign policy making with liberal ideas.</p>