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The Freiburg school and the Hayekian challenge

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  • Michael Wohlgemuth

Abstract

At first sight and in terms of explicit references, the relationship between Hayek and the early Freiburg School seems to have been one of mutually benign neglect. It took several decades before the “Hayekian challenge” was fully understood in Freiburg; in a way one could even argue that the challenge arrived in Freiburg only with Hayek himself in 1962. This delay can mostly be explained by different foci of attention. Hayek’s evolutionary economics and his classical-liberal social philosophy centers around the problem of private, dispersed knowledge. The (early) Freiburg School’s economics and its ordo-liberal social philosophy centers around the problem of private, concentrated power. This difference of perspective has consequences and can partly be explained by the different intellectual sources the proponents were drawing upon, and the different political struggles they were engaged in. Copyright Springer Science+Business Media New York 2013

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  • Michael Wohlgemuth, 2013. "The Freiburg school and the Hayekian challenge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 149-170, June.
    • Handle: RePEc:kap:revaec:v:26:y:2013:i:2:p:149-170
    DOI: 10.1007/s11138-013-0221-0
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    References listed on IDEAS

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    Cited by:

    1. Kolev, Stefan, 2021. "When liberty presupposes order: F. A. Hayek's learning ordoliberalism," Freiburg Discussion Papers on Constitutional Economics 21/2, Walter Eucken Institut e.V..
    2. Kolev, Stefan, 2024. "When Liberty Presupposes Order: F. A. Hayek’S Contextual Ordoliberalism," Journal of the History of Economic Thought, Cambridge University Press, vol. 46(2), pages 288-311, June.
    3. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    4. Kolev, Stefan & Goldschmidt, Nils & Hesse, Jan-Otmar, 2014. "Walter Eucken's role in the early history of the Mont Pèlerin Society," Freiburg Discussion Papers on Constitutional Economics 14/02, Walter Eucken Institut e.V..

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    More about this item

    Keywords

    Friedrich A. von Hayek; Freiburg School; Neo-liberalism; Austrian Economics; A11; B25; B53; H10; P11;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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