Anti-Keynesianism and Austrian marginalism unite the two neo-liberalisms
Evidence
First ofall there is the main doctrinal adversary, Keynes, the common enemy,· which ensures that criticism of Keynes will pass back and Iorth between these two neo-liberalisms. Second, they share the same objects of repulsion, namely, the stateconfrolled economy,plamiing, and state·interventionism on precisely those overall quantities to which Keynes -attached such theoretical and especially practical importance. Finally, a series of persons, theories, and books pass between -these two forms of neo-liberalism, the main ones referring -to ·the Austrian-school -broadly speaking, to Austrian neomarginalism, at any ,rate to those who came from there; like von Mises, Hayek, and so on. — Michel Foucault, The Birth of Biopolitics, 527
Categorization
- XREF: The unifying role of anti-Keynesianism here is the seed of the whole ‘common enemy’ reading later popularized by Mirowski and other historians of neoliberalism. — connects to: Monetarism mainstreamed Austrian and ordoliberal economic ideas — Mark Blyth, Austerity: The History of a Dangerous…, 412; Early neoliberal economists disputed Keynes by arguing Germany could pay the reparations — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 380; Early French neoliberals drew simultaneously on Keynes, Hayek, Wicksell, and Myrdal — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 381 (+7 more)
Broader Connections
- Ordoliberalism, not just Austrian economics, holds a legitimate claim to the neoliberal label.
#expands(0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 77 - German ordoliberals and Austrian neoliberals differ only in emphasis, not substance
#corroborates(0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 500