Liberal Order in the Twenty-First Century: Searching for Eunomia Once Again

Amichai Magen

Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, 2019, vol. 139, issue 2–4, 271-284

Abstract: Adherents of economic and political liberty are again compelled to ask fundamental questions about the nature and prospects of good order (or Eunomia). This article: (1) offers a quaternary definition of the concept of “order;” (2) contends that Eunomia is essentially about the creation, adaptation, and protection of the conditions necessary for human beings to live lives that are free from fear so as to maximize each individual’s unique potential for human flourishing; and (3) outlines an evolutionary understanding of Eunomia, whereby contemporary liberal orders represent the cumulative outcome of three sets of elite-selected “wins” over illiberal ones. To survive and thrive in the twenty-first century liberalism must once again contest and defeat rival orders.

JEL-codes: B52 F55 N40 (search for similar items in EconPapers)
Date: 2019
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Journal of Contextual Economics (JCE) – Schmollers Jahrbuch is currently edited by Peter J. Boettke, Nils Goldschmidt, Stefan Kolev, Stephen T. Ziliak and Joachim Zweynert

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