IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/8nhr5_v1.html
   My bibliography  Save this paper

When Liberty Presupposes Order: F. A. Hayek’s Contextual Ordoliberalism

Author

Listed:
  • Kolev, Stefan

Abstract

This paper embeds the early political economy of F. A. Hayek in the intellectual milieu of German ordoliberalism. The urgency during the 1930s and 1940s to stabilize the disintegrating societal orders is identified as a crucial driver behind the parallelisms between Hayek and the ordoliberals. Their shared theoretical position is that in such moments, liberty can thrive sustainably only after a framework of general and stable rules has been established. Hayek’s proximity to ordoliberalism was most explicitly discernible in The Road to Serfdom and at the founding meeting of the Mont Pèlerin Society in 1947, culminating in the shared politico-economic vision of the competitive order. The contextual nature of Hayek’s ordoliberalism surfaced in the years after The Constitution of Liberty when his focus shifted, along with the postwar intellectual and institutional stabilization of the West: from how stable orders enable liberty to how liberty enables the evolution of orders.

Suggested Citation

  • Kolev, Stefan, 2024. "When Liberty Presupposes Order: F. A. Hayek’s Contextual Ordoliberalism," SocArXiv 8nhr5_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:8nhr5_v1
    DOI: 10.31219/osf.io/8nhr5_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/65b27a94ebe5e6079bf5ea8c/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/8nhr5_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ekkehard A. Köhler & Daniel Nientiedt, 2017. "The Muthesius Controversy: A Tale of Two Liberalisms," History of Political Economy, Duke University Press, vol. 49(4), pages 607-630, December.
    2. Nils Goldschmidt, 2013. "Walter Eucken’s place in the history of ideas," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 127-147, June.
    3. 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.
    4. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2016. "The Euro and the Battle of Ideas," Economics Books, Princeton University Press, edition 1, number 10828.
    5. Régis Servant, 2018. "Spontaneous growth, use of reason, and constitutional design: Is F. A. Hayek's social thought consistent?," Post-Print hal-03695948, HAL.
    6. Nils Goldschmidt, 2018. "The Philosophy of Social Market Economy: Michel Foucault’s Analysis of Ordoliberalism," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 138(2), pages 157-184.
    7. Hansjorg Klausinger, 1999. "German Anticipations of the Keynesian Revolution?: The Case of Lautenbach, Neisser and Ropke," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(3), pages 378-403.
    8. Mark McAdam & Stefan Kolev & Erwin Dekker, 2018. "Methods for Understanding Economic Change: Socio-Economics and German Political Economy, 1896–1938," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 138(3-4), pages 185-197.
    9. Nils Goldschmidt & Hermann Rauchenschwandtner, 2018. "The Philosophy of Social Market Economy: Michel Foucault´s Analysis of Ordoliberalism," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 138(2), pages 157-184.
    10. Gerold Blumle & Nils Goldschmidt, 2006. "From economic stability to social order: The debate about business cycle theory in the 1920s and its relevance for the development of theories of social order by Lowe, Hayek and Eucken," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(4), pages 543-570.
    11. Roland Fritz & Nils Goldschmidt & Matthias Störring, 2023. "Contextual liberalism: the ordoliberal approach to private vices and public benefits," Public Choice, Springer, vol. 195(3), pages 301-322, June.
    12. K. Horn, 2022. "Ordoliberalism: neither exclusively German nor an oddity. A review essay of Malte Dold’s and Tim Krieger’s Ordoliberalism and European Economic Policy: Between Realpolitik and Economic Utopia," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(4), pages 547-560, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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..
    3. Roland Fritz & Nils Goldschmidt & Matthias Störring, 2023. "Contextual liberalism: the ordoliberal approach to private vices and public benefits," Public Choice, Springer, vol. 195(3), pages 301-322, June.
    4. 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.
    5. 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..
    6. Kolev, Stefan & Köhler, Ekkehard A., 2021. "Transatlantic Roads to Mont Pèlerin: "Old Chicago" and Freiburg in a World of Disintegrating Orders," Working Papers 309, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    7. Heath, Eugene, 2023. "What’s Not to See? Foucault on Invisible Political Economy in Adam Smith and Adam Ferguson," SocArXiv nw5rk, Center for Open Science.
    8. Stefano Figuera & Andrea Pacella, 2021. "La teoria euckeniana della moneta: spunti per una riflessione critica (Eucken's theory of money: ideas for critical reflection)," Moneta e Credito, Economia civile, vol. 74(296), pages 275-299.
    9. Sebastian Blesse & Pierre C Boyer & Friedrich Heinemann & Eckhard Janeba & Anasuya Raj, 2019. "European Monetary Union reform preferences of French and German parliamentarians," European Union Politics, , vol. 20(3), pages 406-424, September.
    10. Pierre L. Siklos, 2020. "Looking into the Rear-View Mirror: Lessons from Japan for the Eurozone and the U.S?," IMES Discussion Paper Series 20-E-02, Institute for Monetary and Economic Studies, Bank of Japan.
    11. Hefeker, Carsten, 2022. "Policy coordination under model disagreement and asymmetric shocks," Economic Modelling, Elsevier, vol. 114(C).
    12. Krieger, Tim & Nientiedt, Daniel, 2022. "The renaissance of ordoliberalism in the 1970s and 1980s," Discussion Paper Series 2022-05, University of Freiburg, Wilfried Guth Endowed Chair for Constitutional Political Economy and Competition Policy.
    13. Markus K. Brunnermeier & Sam Langfield & Marco Pagano & Ricardo Reis & Stijn Van Nieuwerburgh & Dimitri Vayanos, 2017. "ESBies: safety in the tranches," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(90), pages 175-219.
    14. Blesse, Sebastian & Havlik, Annika & Heinemann, Friedrich, 2019. "Searching for a Euro reform consensus: The perspective from Central and Eastern Europe," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 201191.
    15. Dolls, Mathias & Wehrhöfer, Nils, 2021. "Attitudes towards euro area reforms: Evidence from a randomized survey experiment," European Journal of Political Economy, Elsevier, vol. 67(C).
    16. Goldschmidt, Nils & Hesse, Jan-Otmar, 2012. "Eucken, Hayek, and the Road to Serfdom," Freiburg Discussion Papers on Constitutional Economics 12/4, Walter Eucken Institut e.V..
    17. Linda Glawe & Helmut Wagner, 2021. "Divergence Tendencies in the European Integration Process: A Danger for the Sustainability of the E(M)U?," JRFM, MDPI, vol. 14(3), pages 1-22, March.
    18. Messori, Marcello & Micossi, Stefano, 2018. "Counterproductive Proposals on Euro Area Reform by French and German Economists," CEPS Papers 13438, Centre for European Policy Studies.
    19. Laura Arnemann & Kai A Konrad & Niklas Potrafke, 2021. "Collective memories on the 2010 European debt crisis," European Union Politics, , vol. 22(4), pages 762-784, December.
    20. Carsten Hefeker & Michael Neugart, 2019. "Policy Coordination Under Model Disagreement and Uncertainty," Open Economies Review, Springer, vol. 30(4), pages 719-737, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:8nhr5_v1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.