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F.A. Hayek and Ordoliberalism: A Comparative Study

Year 2013, Volume: 20 Issue: 20, - , 01.09.2013

Abstract

This paper is a comparative study of two lines of thought in political economy which can be related to the German city of Freiburg. The Freiburg School which is also known as Ordoliberalism, constituted one of the foundations of the economic order in post-war West Germany. On the other hand, Nobel Prize holder Austrian economist Friedrich August von Hayek, who spent a considerable part of his life in Freiburg, in University of Freiburg, strongly inspired the neo-liberal policies in the western world in the 80’s. In this work, we analyse the main differences and similarities of these two liberal lines of economic thought.

References

  • Böhm, F. & W. Eucken & H. Grossman-Doerth (1989), “The Ordo Manifesto of 1936”, Peacock & Willgerodt (eds.), in: Germany’s Social Market Economy: Origins and Evolutions (London: Palgrave MacMillan), 15–26.
  • Cliteur, Paul (2000), “Spontaneous Order, Natural Law and Legal Positivism in the Work of Hayek”, Bouckaert & Van Der Kroon (eds.), in: Hayek Revisited (London: Edward Elgar Press).
  • Daumann, Frank (2007), “Evolution and the Rule of Law: Hayek’s Concept of Liberal Order Revisited”, Journal of Libertarian Studies, Vol: 21 No: 2, 123–150.
  • Eucken, Walter (1989), “What Kind of Economic and Social System?”, Peacock & Willgerodt (eds.), in: Germany’s Social Market Economy: Origins and Evolutions, (London: Palgrave MacMillan), 112–135.
  • Eucken, Walter (1952), “A Policy for Establishing A System of Free Enterprise”, Ludwig Erhard Stiftung (eds.), in: Standard Texts on Social Market Economy.
  • Fleetwood, Steve (1995), Hayek’s Political Economy, (Routledge Press).
  • Goldschmidt, Nils & Jan-Otmar Hesse (2012), “Eucken, Hayek and Road to Serfdom”, Freiburg Discussion Papers on Constitutional Economics, No: 12/4.
  • Hayek, F.A. (1964), “Kinds of Order in The Society”, New Individualist Review, 3: 13–29.
  • Hayek, F.A. (1947), Individualism and Economic Order, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1952), The Sensory Order, (London: Routledge & Kean Paul).
  • Hayek, F.A. (1973), Law, Legislation and Liberty Vol 1: Rules and Order, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1976), Law, Legislation and Liberty Vol 2: The Mirage of Social Justice, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1979), Law, Legislation and Liberty Vol 3: Political Order of A Free People, (Chicago: University of Chicago Press).
  • Hayek F.A. (1960), The Constitution of Liberty, (London: Routledge & Kegan Paul).
  • Hayek F.A. (1944), The Road to Serfdom, (Chicago: University of Chicago Press).
  • Liggio, Leonard P. (2000), “Law and Legislation in Hayek’s Legal Philosophy”, Bouckaert & Van der Kroon (eds.), in: Hayek Revisited, (London: Edward Elgar), 26–52.
  • Schmitt, Sandra & Adnan Ay (1998), Die Walter Eucken Bibliographie, (Berlin: Lit Verlag) Edition Walter Eucken Archiv.
  • Shearmur, Jeremy (1996), Hayek and After, (London: Routledge Press).
  • Streit, M. & M. Wohlgemuth (1997), “The Market Economy and The State: Hayekian and Ordoliberal Conceptions”, Diskussionsbeitrag, 06–97 Walter Eucken Institut.
  • Vanberg, Viktor (1994), Rules and Choice in Economics, (London: Routledge Press)
  • Vanberg, Viktor (2001), “F.A.Hayek”, Smelser & Baltes (eds.), in: International Encyclopedia of Social and Behavioral Sciences, (London: Elsevier), 6482–6486.
  • Vanberg, Viktor (2004), “The Freiburg School: Walter Eucken and Ordoliberalism”, Walter Eucken Institut Freiburg, Discussion Papers on Constitutional Economics, No: 04/11.
  • Zweig, Konrad (1980), “The Origins of German Social Market Economy”, Adam Smith Institute, Research Paper.

F.A. Hayek and Ordoliberalism: A Comparative Study

Year 2013, Volume: 20 Issue: 20, - , 01.09.2013

Abstract

This paper is a comparative study of two lines of thought in political economy which can be related to the German city of Freiburg. The Freiburg School which is also known as Ordoliberalism, constituted one of the foundations of the economic order in post-war West Germany. On the other hand, Nobel Prize holder Austrian economist Friedrich August von Hayek, who spent a considerable part of his life in Freiburg, in University of Freiburg, strongly inspired the neo-liberal policies in the western world in the 80’s. In this work, we analyse the main differences and similarities of these two liberal lines of economic thought.

References

  • Böhm, F. & W. Eucken & H. Grossman-Doerth (1989), “The Ordo Manifesto of 1936”, Peacock & Willgerodt (eds.), in: Germany’s Social Market Economy: Origins and Evolutions (London: Palgrave MacMillan), 15–26.
  • Cliteur, Paul (2000), “Spontaneous Order, Natural Law and Legal Positivism in the Work of Hayek”, Bouckaert & Van Der Kroon (eds.), in: Hayek Revisited (London: Edward Elgar Press).
  • Daumann, Frank (2007), “Evolution and the Rule of Law: Hayek’s Concept of Liberal Order Revisited”, Journal of Libertarian Studies, Vol: 21 No: 2, 123–150.
  • Eucken, Walter (1989), “What Kind of Economic and Social System?”, Peacock & Willgerodt (eds.), in: Germany’s Social Market Economy: Origins and Evolutions, (London: Palgrave MacMillan), 112–135.
  • Eucken, Walter (1952), “A Policy for Establishing A System of Free Enterprise”, Ludwig Erhard Stiftung (eds.), in: Standard Texts on Social Market Economy.
  • Fleetwood, Steve (1995), Hayek’s Political Economy, (Routledge Press).
  • Goldschmidt, Nils & Jan-Otmar Hesse (2012), “Eucken, Hayek and Road to Serfdom”, Freiburg Discussion Papers on Constitutional Economics, No: 12/4.
  • Hayek, F.A. (1964), “Kinds of Order in The Society”, New Individualist Review, 3: 13–29.
  • Hayek, F.A. (1947), Individualism and Economic Order, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1952), The Sensory Order, (London: Routledge & Kean Paul).
  • Hayek, F.A. (1973), Law, Legislation and Liberty Vol 1: Rules and Order, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1976), Law, Legislation and Liberty Vol 2: The Mirage of Social Justice, (Chicago: University of Chicago Press).
  • Hayek, F.A. (1979), Law, Legislation and Liberty Vol 3: Political Order of A Free People, (Chicago: University of Chicago Press).
  • Hayek F.A. (1960), The Constitution of Liberty, (London: Routledge & Kegan Paul).
  • Hayek F.A. (1944), The Road to Serfdom, (Chicago: University of Chicago Press).
  • Liggio, Leonard P. (2000), “Law and Legislation in Hayek’s Legal Philosophy”, Bouckaert & Van der Kroon (eds.), in: Hayek Revisited, (London: Edward Elgar), 26–52.
  • Schmitt, Sandra & Adnan Ay (1998), Die Walter Eucken Bibliographie, (Berlin: Lit Verlag) Edition Walter Eucken Archiv.
  • Shearmur, Jeremy (1996), Hayek and After, (London: Routledge Press).
  • Streit, M. & M. Wohlgemuth (1997), “The Market Economy and The State: Hayekian and Ordoliberal Conceptions”, Diskussionsbeitrag, 06–97 Walter Eucken Institut.
  • Vanberg, Viktor (1994), Rules and Choice in Economics, (London: Routledge Press)
  • Vanberg, Viktor (2001), “F.A.Hayek”, Smelser & Baltes (eds.), in: International Encyclopedia of Social and Behavioral Sciences, (London: Elsevier), 6482–6486.
  • Vanberg, Viktor (2004), “The Freiburg School: Walter Eucken and Ordoliberalism”, Walter Eucken Institut Freiburg, Discussion Papers on Constitutional Economics, No: 04/11.
  • Zweig, Konrad (1980), “The Origins of German Social Market Economy”, Adam Smith Institute, Research Paper.
There are 23 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Nazmi Tuncer This is me

Publication Date September 1, 2013
Submission Date December 12, 2014
Published in Issue Year 2013 Volume: 20 Issue: 20

Cite

APA Tuncer, N. (2013). F.A. Hayek and Ordoliberalism: A Comparative Study. Sosyoekonomi, 20(20). https://doi.org/10.17233/se.31956
AMA Tuncer N. F.A. Hayek and Ordoliberalism: A Comparative Study. Sosyoekonomi. October 2013;20(20). doi:10.17233/se.31956
Chicago Tuncer, Nazmi. “F.A. Hayek and Ordoliberalism: A Comparative Study”. Sosyoekonomi 20, no. 20 (October 2013). https://doi.org/10.17233/se.31956.
EndNote Tuncer N (October 1, 2013) F.A. Hayek and Ordoliberalism: A Comparative Study. Sosyoekonomi 20 20
IEEE N. Tuncer, “F.A. Hayek and Ordoliberalism: A Comparative Study”, Sosyoekonomi, vol. 20, no. 20, 2013, doi: 10.17233/se.31956.
ISNAD Tuncer, Nazmi. “F.A. Hayek and Ordoliberalism: A Comparative Study”. Sosyoekonomi 20/20 (October 2013). https://doi.org/10.17233/se.31956.
JAMA Tuncer N. F.A. Hayek and Ordoliberalism: A Comparative Study. Sosyoekonomi. 2013;20. doi:10.17233/se.31956.
MLA Tuncer, Nazmi. “F.A. Hayek and Ordoliberalism: A Comparative Study”. Sosyoekonomi, vol. 20, no. 20, 2013, doi:10.17233/se.31956.
Vancouver Tuncer N. F.A. Hayek and Ordoliberalism: A Comparative Study. Sosyoekonomi. 2013;20(20).