Ordoliberalism’s Ordnungstheorie anticipated modern neo-institutionalist economics

Evidence

Ordoliberalism can in fact be considered an embryonic neo-institutionalist doctrine avant la lettre, though a close examination of the relationship of ordoliberalism and rational choice-based neo-institutionalism has yet to be carried out in any serious way. However, ordoliberalism as a specific German variety of neoliberalism has gradually converged with Austrian economics and Anglo-Saxon versions of neoliberalism, especially in the field of competition theory proper. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 559

Categorization

• XREF: Connects to this reader’s prior reading on social capital and institutions — Coleman’s functional social capital and Milgrom’s law merchant institutions are all ‘institutions matter’ tracts echoing ordoliberal Ordnungstheorie. — connects to: Ordoliberalism modernized liberalism while keeping its economics classical and supply-side. — Mark Blyth, Austerity: The History of a Dangerous…, 373; Hayek functioned as the intellectual bridge linking ordoliberalism to the wider neoliberal network — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 616; The ordoliberal Ordo concept legitimized a hierarchical social order as natural and irrevocable — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 510 (+2 more)
• QUESTION: The claim that ordoliberalism is an embryonic neo-institutionalism avant la lettre, distinct from rational-choice neo-institutionalism, deserves chasing — the relationship between the two research programs is said to be unexamined.