German ordoliberalism and American anarcho-liberalism are distinct critiques of excessive government.

Evidence

These two schools do not just participate in an identical project ofthe radical reform ofliberalism. They also represent two distinct forms of the “critique of the irrationality peculiar to excessive government,” one stressing the logic ofpure competition on the economic terrain, while framing the market through a set of state interventions (theory of the “policy ofsociety”), and the other seeking to extend the rationality ofthe market to domains hitherto considered to be non-economic (theory of “human capital”). — Michel Foucault, The Birth of Biopolitics, 1618

Categorization

  • DEFINE: Distinguishes the two neoliberal schools: pro-competition within state-framed policy vs. market rationality extended to all domains.
  • XREF: connects to: German ordoliberalism favors state framework provision over neoliberal state withdrawal. — Mark Blyth, Austerity: The History of a Dangerous…, 164

Broader Connections