Walras as an ordoliberal?

Roberto Baranzini and Raphaël Fèvre

The European Journal of the History of Economic Thought, 2019, vol. 26, issue 2, 380-413

Abstract: Léon Walras and the ordoliberals share the opinion that State intervention in favour of a competitive order is a central element of economic policy. Hence, can Walras be regarded as a forerunner of ordoliberalism? This study performs a methodological and ontological analysis of Walras’ and Eucken’s thoughts and sheds light on another common ground: philosophical idealism. By taking different inclinations – Walras’ Teleological Realism vs Eucken’s Historicist Conceptualism – these authors reveal different relations with reality and methodological stances, which result in opposing philosophies of History. Paradoxically, by revealing tenuous epistemological bonds, we set a new distance between Walras and the ordoliberals.

Date: 2019
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DOI: 10.1080/09672567.2019.1576058

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