The Market Economy and the State Hayekian and Ordoliberal Conceptions

Streit, Manfred E.; Wohlgemuth, Michael

doi:10.1007/978-3-662-04084-3_7

Cited by 33 publications

(13 citation statements)

References 31 publications

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“…For this reason, Ferguson suggests that it is better to examine what kind of welfare arrangements emerge in a neoliberal era, instead of trying to expect these new arrangements to conform to certain theoretical expectations about neoliberal ism or post-neoliberalism. Indeed, initially Friedrich Hayek and other members of the Mont Pelerin society had formulated ordo-liberalism in a social justice friendly fashion, which also envisioned a greater role for the state (Bonefeld, 2013;Streit and Wohlgemuth, 2000;Rieter and Schmolz 1993;Sally 1996). The fact that social welfare extends with the advancement of market capitalism is also evident when we look at the welfare regimes of advanced liberal countries in Europe, even if many of these welfare regimes have also moved in a neolib eral direction.…”

Section: Rise Of Social Assistance: Neoliberalism Post-neoliberalismmentioning

confidence: 99%

Illusory Debates

Zencirci

2015

Asian J Soc Sci

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Emergent social assistance programmes in developing countries are either considered to possibly signal the transition to a post-neoliberal era, or are taken to constitute a move towards neoliberal welfare governance. By examining the making of a social assistance-based welfare regime in Turkey, I argue that the expansion of social programmes are the product of the neoliberalism-plus conjuncture which takes market inequality as a given. Specifically, this article analyses the similarity of nominally opposed concepts of welfare in the Turkish debate between conservative Islamists and secular Kemalists. By examining the “sadaka culture” debate and the constitutive rights vs. belief binary, the following analysis illustrates that although these two political groups appear to disagree about welfare governance, in reality this on-going debate actually masks the consolidation of social assistance as a welfare norm. I argue that social assistance operates as a bio-political strategy that transforms state power, restructures welfare governance and generates new understandings of poverty, need and aid in the neoliberalism-plus conjuncture.

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Section: Rise Of Social Assistance: Neoliberalism Post-neoliberalismmentioning

confidence: 99%

Illusory Debates

Zencirci

2015

Asian J Soc Sci

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“…This tradition grew out of interwar Ordoliberalism, developed by thinkers such as Walter Eucken and Wilhelm Röpke, who rejected both Smith and Hayek's atomistic liberalism and Hayekian laissez‐faire, which “would lead to ‘a fettering of the state by private interests’ ” (Streit and Wohlgemuth , 239, 247). Instead, they advanced a conception of structured freedom that understood groups as the fundamental units of society: “Every household and firm is part of a complete system, and every single economic action part of a complete process”; “firm and household are parts of the whole economy and the course of economic events in them is part of the course of events in the whole of society” (Eucken , 304, 312).…”

Section: German Corporate Liberalism and Keynesianism By Stealthmentioning

confidence: 99%

Varieties of Liberalism: Keynesian Responses to the Great Recession in France and Germany

Vail

2012

Governance

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This article argues that distinctive liberal traditions shaped France and Germany's Keynesian policy responses to the post‐2007 economic crisis. In France, “statist liberalism” privileges an activist state that favors macroeconomic intervention and investment. German “corporate liberalism,” by contrast, is more pluralist and emphasizes the powers and responsibilities of social and economic groups, who are viewed as the fundamental components of the social order. The article argues that these traditions shaped elite interpretations of the crisis and played central roles in defining policy trajectories. They informed a modest French response focused on macroeconomic stimulus that relied on existing income support and a larger German effort centered on a microeconomic strategy of group subsidization. It concludes that these outcomes are inconsistent with traditional institutional accounts and highlights the importance of research on the role of ideas in shaping national responses to economic crises.

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“…The same is also true for the Freiburg side. (Streit & Wohlgemuth, 1997: 4) The possible reason for this situation is the significant difference between the intellectual sources that the two lines were fed. The Freiburg School was mostly affected by the intellectual and political climate of Germany: The concrete problems they observed in German society and the insufficiency of the dominant social science paradigms -historical school-to deal with them.…”

Section: A Comparative Look At Freiburg School and Hayekian Line Of Tmentioning

confidence: 99%

F.A. Hayek and Ordoliberalism: A Comparative Study

Tuncer

2011

SSRN Journal

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This paper is a comparative study of two lines of thought in political economy which can be related to the German city of Freiburg. The Freiburg School which is also known as Ordoliberalism, constituted one of the foundations of the economic order in postwar West Germany. On the other hand, Nobel Prize holder Austrian economist Friedrich August von Hayek, who spent a considerable part of his life in Freiburg, in University of Freiburg, strongly inspired the neo-liberal policies in the western world in the 80's. In this work, we analyse the main differences and similarities of these two liberal lines of economic thought.

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The Market Economy and the State Hayekian and Ordoliberal Conceptions

Cited by 33 publications

References 31 publications

Illusory Debates

Illusory Debates

Varieties of Liberalism: Keynesian Responses to the Great Recession in France and Germany

F.A. Hayek and Ordoliberalism: A Comparative Study

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