Neoliberal doctrine directly scripted Eurozone crisis policymaking rhetoric

Evidence

New work clarified the importance of the knowledge problem for neoliberals and outlined their project of building a counter-public to the social democratic consensus after 1945. Insights from this literature surfaced during the Eurozone crisis with repeated arguments that the European Union seemed to realize F. A. Hayek’s visions for federation from decades earlier. German Finance Minister Wolfgang Schäuble cited Hayek’s warnings against “the pretense of knowledge” as he clung to the precepts of austerian orthodoxy, and Chancellor Angela Merkel repeated a term coined by neoliberal Wilhelm Röpke a half-century earlier when she spoke of the need for a “market-conforming democracy.” — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 18

Categorization

• XREF: Connects to Mirowski’s other work on the ‘thought collective’ building a counter-public, and to the Eurozone austerity debates generally. — connects to: Ideology shapes economic crisis rather than merely reflecting it
• SEED: Could underpin an article tracing how German austerity rhetoric is a direct quote from ordoliberal texts rather than independent economic reasoning.

Broader Connections

• Ideology shapes economic crisis rather than merely reflecting it #expands (0.80)