German ordoliberalism kept neoclassical equilibrium theory while the Austrian school diverged from it

Evidence

The German neoliberal school managed to distance itself from classical liberalism by accepting authority for the shaping of economic policy, and by having the resources and capacity for design of a postwar new liberal policy for society at large. As far as economic theory was concerned, German ordoliberalism, unlike the Austrian school that emerged around Mises and Hayek, maintained a strong attachment to the neoclassical equilibrium model, as evidenced by Eucken’s formalistic market model. This situation may also have been overdetermined, since the American victors were busy inserting “good” neoclassical economics into the reconstructed German universities (Bernstein 2001). — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 551

Categorization

• XREF: Connects to the broader ordoliberal-vs-Austrian fault line within the early MPS network, and to the US postwar academic influence on reconstruction. — connects to: The Austrian school rejected state intervention and economic mathematization alike — Mark Blyth, Austerity: The History of a Dangerous…, 383; German ordoliberals and Austrian neoliberals differ only in emphasis, not substance — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 500; Anti-Keynesianism and Austrian marginalism unite the two neo-liberalisms — Michel Foucault, The Birth of Biopolitics: Lectures at…, 527

Broader Connections

• Anti-Keynesianism and Austrian marginalism unite the two neo-liberalisms #corroborates (0.75) — Michel Foucault, The Birth of Biopolitics, 527