Röpke’s circle required deliberate cultural regulation alongside markets
Evidence
Like Hayek, they sought a consonance between markets and social traditions; unlike him, they believed that this could be achieved only through concerted efforts to protect the cultural forms that markets otherwise eroded. — Angus Burgin, The Great Persuasion, 293
Categorization
- DEFINE: Distinguishes the ordoliberal/Röpkean strand from Hayekian spontaneous-order liberalism within the MPS.
- XREF: Relates to readings on ordoliberalism and the German social market economy that complicate the monolithic ‘neoliberalism’ label. — connects to: Röpke and Rüstow crossed disciplinary lines to supply market economies with sociocultural foundations — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 506; For Röpke, the market economy needs an extra-economic sociological framework to be defensible — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 507; Economics’ legitimating power depends on the surrounding political and cultural context. — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1194
Broader Connections
- For Röpke, the market economy needs an extra-economic sociological framework to be defensible
#expands(0.82) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 507 - Röpke and Rüstow crossed disciplinary lines to supply market economies with sociocultural foundations
#expands(0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 506 - Economics’ legitimating power depends on the surrounding political and cultural context.
#corroborates(0.72) — Donald MacKenzie, An Engine, Not a Camera, 1194