Neoliberal intellectuals rejected centralized data-gathering as bureaucratic interventionism.
Evidence
Wary that the Rockefeller Foundationâs proposal to establish a central observatory to gather and coordinate economic data would result in an unnecessary bureaucracy and economic interventionism, the participants decided instead to fund several research projects, including one by Röpke on protectionism. Eschewing a narrow economic analysis, Röpke argued that the rise of the masses threatened the economic integration enabled by nineteenth-century liberalism and its standards of civilisation. Drawing on Ortega y Gassetâs work, he coined the term Vermassung (âenmassmentâ) to define the levelling process he believed threatened the survival of the world economy and Western civilisation. â Jessica Whyte, The Morals of the Market, 171
Categorization
- DEFINE: Defines the distinctively neoliberal term âVermassungâ/âenmassmentâ as the levelling threat to economic integration.
- XREF: connects to: Neoliberals rejected population-level statistics and risk insurance as hubristic â Jessica Whyte, The Morals of the Market: Human RightsâŠ, 210
Broader Connections
- Neoliberals rejected population-level statistics and risk insurance as hubristic
#corroborates(0.92) â Jessica Whyte, The Morals of the Market, 210