Economic liberalism’s founder fused race hierarchies into market theory.

Evidence

In appropriating this tradition, Mises portrayed civilisation as inextricably economic and racial. While he rejected the biological racism of the French eugenicist Arthur de Gobineau, Mises sought to rescue its ‘germ’ for a ‘modern’ race theory that ascribed racial hierarchies to an evolutionary process that gave certain races ‘so long a lead that members of other races could not overtake them within a limited time’. — Jessica Whyte, The Morals of the Market, 112

Categorization

• XREF: Connects to the reader’s work on neoliberalism as ideology — Mises here shows the racial foundations of market universalism, relevant to critiques of neoliberal human rights discourse. — connects to: Neoclassical economics framed racial inequality as three forms of market disequilibrium. — Michael Omi, Howard Winant, Racial Formation in the United States, 67; Hayek’s own thought experiment tacitly assumed racial inequality as the basis for market allocation — Jessica Whyte, The Morals of the Market: Human Rights…, 221; Classical liberalism historically promoted racial reasoning as central to modern moral sense. — David Theo Goldberg, The Racial State, 6
• SEED: An essay angle: how the father of free-market economics embedded racial hierarchy into the theory of the division of labor — a genealogy of ‘free markets’ as racial progress narrative.

Broader Connections

• Neoclassical economics framed racial inequality as three forms of market disequilibrium. #expands (0.86) — Michael Omi, Howard Winant, Racial Formation in the United States, 67
• Hayek’s own thought experiment tacitly assumed racial inequality as the basis for market allocation #corroborates (0.84) — Jessica Whyte, The Morals of the Market, 221
• Classical liberalism historically promoted racial reasoning as central to modern moral sense. #expands (0.80) — David Theo Goldberg, The Racial State, 6