In 1981, economics minister Otto Graf Lambsdorff (Free Democratic Party, FDP) published a seminal paper entitled “Manifesto of the Market Economy: Concept for a Policy to Overcome Weak Growth Performance and Reduce Unemployment”—the so-called Lambsdorff Paper—where he stressed that the government interfered too much in the free market and suggested radical labor market reforms, strict budget consolidation, and deregulation policies. … Together with Tietmeyer he authored the memorandum for Otto Graf Lambsdorff. The Lambsdorff Paper marked the end of the social-liberal coalition in Germany and especially of the (Keynesian) economic concept of macroeconomic management (Globalsteuerung). It can therefore be interpreted as inaugurating a politico-economic paradigm shift.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 637