Neoliberalism evolved by sloughing off earlier liberal doctrines without acknowledging reversals

Evidence

Neoliberalism does not impart a dose of that Old Time Religion. Not only is there no ur-text of neoliberalism; the neoliberals have not themselves opted to retreat into obscurantism, however much it may seem that some of their fellow travelers may have done so. You won’t often catch them wondering, “What Would Hayek Do?” Instead they developed an intricately linked set of overlapping propositions over time—for example, from Ludwig Erhard’s “social market economy” to Herbert Giersch’s cosmopolitan individualism, from Milton Friedman’s “monetarism” to the rational-expectations hypothesis, from Hayek’s “spontaneous order” to James Buchanan’s constitutional order, from Gary Becker’s “human capital” to Steven Levitt’s “freakonomics,” from Heartland’s climate denialism to AEI’s geoengineering project, and, most appositely, from Hayek’s “socialist calculation controversy” to Chicago’s efficient-markets hypothesis. Along the way they have lightly sloughed off many prior classical liberal doctrines—for instance, opposition to corporate monopoly power as politically debilitating, or skepticism over strong intellectual property, or disparaging finance as an intrinsic source of macroeconomic disturbance—without coming clean on their reversals. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 143

Categorization

  • XREF: The genealogy of ‘spontaneous order to efficient markets’ is the analytical spine linking this chapter to prior materials on Chicago economics. — connects to: Neoliberal intellectuals deliberately blurred distinctions between their doctrine and classical liberalism — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 110; Neoliberalism suppressed its own origins as a new doctrine by the late 1950s — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 2136; Neoliberal continuity survived via pragmatic adjustment, not doctrinal purity — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1615 (+1 more)
  • corroborated: 3 independent passages support this claim — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 143

Broader Connections