The Conservative Legacy of Neoliberalism

L'héritage conservateur du néolibéralisme

Martin Beddeleem and Nathanaël Colin-Jaeger ()
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Martin Beddeleem: Aarhus University [Aarhus]
Nathanaël Colin-Jaeger: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The 1930s and 1940s marked a period of crisis for liberalism. Authors as diverse as Hayek, Röpke, Lippmann, Polanyi and Rougier came together at two founding events, the Walter Lippmann Colloquium in 1938 and the creation of the Mont-Pèlerin Society in 1947, to rethink liberalism. This rethinking of the liberal project led them to establish a diagnosis of the crisis of liberalism, which, for the authors mentioned, goes back to the French Revolution. This article proposes to show the coherence of the neoliberal project from their historical diagnosis in this period of crisis. Indeed, by criticizing the French Revolution and its effects as part of a harmful rationalism, which gave rise to both laissez-faire and various collectivisms, neoliberals explicitly take up concepts from critics of the revolution, especially Edmund Burke. The concept of tradition, understood as covering social and legal rules that have slowly evolved to constitute coordination mechanisms that allow our actions, is thus very largely taken up and valued by neoliberals. We thus interpret neoliberal theory on the basis of this recategorization of the concept of tradition, and point out the affinities of neoliberal positions with philosophical conservatism. This rapprochement reveals several conceptual tensions between cultural evolutionism on the one hand and the defence of substantial Western values on the other.

Keywords: Néoliberalisme; Conservatisme; tradition; Hayek; Röpke (search for similar items in EconPapers)
Date: 2021-01
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Published in Astérion, 2021, 2020 (23), ⟨10.4000/asterion.5452⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02488697

DOI: 10.4000/asterion.5452

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