Eucken borrowed Stackelberg’s two-system typology but endorsed only the politically framed market economy

Evidence

Eucken thus developed his theory of market forms by leaning heavily on Stackelberg, who juxtaposed two basic types of economic systems—a centrally directed economy and a market economy—with a large number of theoretically possible variations. However, Eucken only posited a market economy framed by a political order that he considered economically viable and amenable to human beings. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 532

Categorization

  • XREF: Shows ordoliberalism’s intellectual lineage from Stackelberg, and its framing of the market as embedded in a political order. — connects to: Eucken saw capitalism as two incompatible orders that real economies must combine — Mark Blyth, Austerity: The History of a Dangerous…, 361