When Liberty Presupposes Order: F. A. Hayek’s Contextual Ordoliberalism

Stefan Kolev

No 8nhr5, SocArXiv from Center for Open Science

Abstract: This paper embeds the early political economy of F. A. Hayek in the intellectual milieu of German ordoliberalism. The urgency during the 1930s and 1940s to stabilize the disintegrating societal orders is identified as a crucial driver behind the parallelisms between Hayek and the ordoliberals. Their shared theoretical position is that in such moments, liberty can thrive sustainably only after a framework of general and stable rules has been established. Hayek’s proximity to ordoliberalism was most explicitly discernible in The Road to Serfdom and at the founding meeting of the Mont Pèlerin Society in 1947, culminating in the shared politico-economic vision of the competitive order. The contextual nature of Hayek’s ordoliberalism surfaced in the years after The Constitution of Liberty when his focus shifted, along with the postwar intellectual and institutional stabilization of the West: from how stable orders enable liberty to how liberty enables the evolution of orders.

Date: 2024-01-26
New Economics Papers: this item is included in nep-his and nep-hpe
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Journal Article: WHEN LIBERTY PRESUPPOSES ORDER: F. A. HAYEK’S CONTEXTUAL ORDOLIBERALISM (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:8nhr5

DOI: 10.31219/osf.io/8nhr5

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