Hayek and Röpke explicitly rejected economism and economic reductionism.

Evidence

Far from reducing all of life to economics, I show that the neoliberals of the mid twentieth century were deeply suspicious of the very idea of the economy. In his polemical 1944 critique of socialist planning, The Road to Serfdom, the founder of the Mont Pèlerin Society, Friedrich Hayek, complained about his contemporaries’ preoccupation with economic concerns. The values that rank lowest today and are dismissed as nineteenth-century illusions, he argued, are the ‘moral values’ – ‘liberty and independence, truth and intellectual honesty, peace and democracy, and respect for the individual qua man instead of merely as the member of an organized group’. Around the same time, the German ordoliberal Wilhelm Röpke criticised the ‘economism’ that ‘judges everything in relation to the economy and in terms of material productivity, making material and economic interests the center of things’. — Jessica Whyte, The Morals of the Market, 20

Categorization

  • XREF: Röpke’s critique of economism connects to later critiques of economic imperialism (e.g. Gary Becker-style economisation of everything) — an ironic reversal worth noting. — connects to: Marxian economism led Marxists to dismiss nationalism as backward ideology. — Cedric J. Robinson, Black Marxism_ The Making of the Black…, 361; Gramsci rejects economic reductionism to theorize political and cultural factors as relatively autonomous determinants. — Stuart Hall, Essential Essays, Volume 2: Identity…, 68; Critical Theory adopted Marxism’s substance while rejecting its orthodox economic-base form. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 18
  • SHARE: The Hayek quote about ‘respect for the individual qua man’ would land well with someone who works on the intellectual history of market liberalism.

Broader Connections