Neoliberal intellectuals rejected centralized data-gathering as bureaucratic interventionism.

Evidence

Wary that the Rockefeller Foundation’s 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 Gasset’s work, he coined the term Vermassung (‘enmassment’) to define the levelling process he believed threatened the survival of the world economy and Western civilisation. — Jessica Whyte, The Morals of the Market, 171

Categorization

  • DEFINE: Defines the distinctively neoliberal term ‘Vermassung’/‘enmassment’ as the levelling threat to economic integration.
  • XREF: connects to: Neoliberals rejected population-level statistics and risk insurance as hubristic — Jessica Whyte, The Morals of the Market: Human Rights
, 210

Broader Connections