Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians

Stefan Kolev

No 1-24, LEF PAPERS on Economy and Society from Ludwig-Erhard-Forum für Wirtschaft und Gesellschaft (LEF), Berlin

Abstract: This paper pursues two goals. First, to reflect on how historical Ordnungsökonomik (Economics of Order) illuminates the politico-economic crises in today's Western democracies via the increasing parallels to the fragilities and fractures of the 1930s. Second, based on these historical inspirations, to come closer to a modern Ordnungsökonomik targeted specifically at today's crises. The three-step approach consists of an anamnesis ("crisis burger"), a diagnosis ("anxiety from over-dynamics"), and a therapy ("fixed points towards order security"). The paper revisits the role of liberal political economists as order guardians amid what the paper calls superfragility, a context in which citizens radically lose trust and unsubscribe from the order, making the trust-enhancing role of liberal political economists existential for the order.

JEL-codes: A11 B25 B41 H11 P16 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:lefpes:301002

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