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
- Neoliberalism holds together several unresolved internal contradictions by asserting both sides at once
#corroborates(0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 2142 - Neoliberalism operates through systematic contradiction and disavowal of its own practices
#corroborates(0.85) — Wendy Brown, Undoing the Demos, 81 - Neoliberals rejected the pure state-versus-market binary as a false dichotomy
#contradicts(0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 9 - Neoliberals pursued an engineered order rather than expecting free markets to emerge naturally
#contradicts(0.78) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1907 - Neoliberalism’s activist stance contradicts its own claim that markets naturally triumph
#contradicts(0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 202 - Neoliberals preach market supremacy while exempting themselves from its rule
#contradicts(0.73) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 281 - Neoliberal doctrine pairs contradictory claims about markets guaranteeing democracy and freedom
#qualifies(0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 189 - Neoliberals reject market-failure theory, so they cannot see crisis as market glitch
#expands(0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 154 - Neoliberals conditioned self-government on accepting market discipline
#complicates(0.72) — Jessica Whyte, The Morals of the Market, 297