Ordoliberalism makes state policy the guardian of fragile market mechanisms
Evidence
You recall that in’this conception-ofEucken, Ropke;Miiller-Annad~ and others~themarket was defined as a principle ofeconomic regulation indispensable to the formation of prices and so to the consistent development of the economic process. What was thegovemment’s task in relation to this principle of the market as the indispensable regulating function of the economy? It was to organize a society, to establish what they call a Gesellschaftspolitik such that these fragile competitive mechanisms of the market can function to the full and in accordance with their specific structure. — Michel Foucault, The Birth of Biopolitics, 1258
Categorization
- DEFINE: Defines Gesellschaftspolitik: state-organized society so that fragile competitive market mechanisms can function.
- XREF: connects to: German ordoliberalism favors state framework provision over neoliberal state withdrawal. — Mark Blyth, Austerity: The History of a Dangerous…, 164; Ordoliberalism reframes the state as rule setter, not demand manager — Mark Blyth, Austerity: The History of a Dangerous…, 355; Ordoliberalism inverted classical liberalism by making economic effectiveness depend on political and legal systems — Mark Blyth, Austerity: The History of a Dangerous…, 362 (+17 more)
Broader Connections
- Neoliberalism reversed the state’s protective role toward shielding markets
#corroborates(0.90) — Wendy Brown, Undoing the Demos, 745 - Ordoliberalism departed from classical liberalism by grounding markets in a constitutional framework
#corroborates(0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1087 - German ordoliberalism inverted the classical liberal problem of limiting the state
#corroborates(0.85) — Michel Foucault, The Birth of Biopolitics, 560 - Ordoliberalism grants the state a stronger role than Austrian or Chicago neoliberalism does
#corroborates(0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 503 - Early ordoliberalism demanded a strong independent state to counter organized interests
#corroborates(0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 524 - Under Ordoliberalism the state itself is defined and supervised by the market.
#complicates(0.75) — Wendy Brown, Undoing the Demos, 113