Neoliberals disagree sharply among themselves about what a market is

Evidence

Another partially rival approach to defining the market emanated from German ordoliberalism, which argues that competition in a well-functioning market needs to be directly organized by the state, by embedding it in various other social institutions. Hence, contrary to much that has been written on the beliefs of our protagonists, neoliberals do not speak with one voice on the key concept of the nature of the market. They most certainly do not uniformly subscribe to neoclassical economic theory, nor do they all pledge their troth to the cybernetic vision of the market in lockstep. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 151

Categorization

  • XREF: connects to: Market advocacy can rest on despair about alternatives rather than genuine conviction — Angus Burgin, The Great Persuasion: Reinventing Free…, 97; Judging whether markets conform to a model is itself a contested process. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 114; Neoliberalism’s activist stance contradicts its own claim that markets naturally triumph — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 202 (+9 more)

Broader Connections