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Paleo- and Neoliberals: Ludwig von Mises and the “Ordo-interventionists”

Part of the The European Heritage in Economics and the Social Sciences book series (EHES,volume 20)

Abstract

Kolev provides a reconstruction of the intellectual relationship between Austrian economist Ludwig von Mises and German ordoliberals Walter Eucken and Wilhelm Röpke, aiming at a nuanced understanding of the hostile climate in their relationship. The four decades are separated into five phases: (1) socialization echoing the Methodenstreit, (2) initial debates on business cycles in the 1920s and early 1930s, (3) clashes on political economy and social philosophy at the Colloque Walter Lippmann in 1938 and the early decades of the Mont Pèlerin Society after 1947, (4) coexistence during the German “economic miracle,” and (5) exchanges in the 1960s, including new archival materials about Mises’ only honorary doctorate in economics, at Freiburg in 1964. As an overarching element, Kolev offers a specific interpretation of neoliberalism.

For most of what is reasonable and beneficial

in present-day Germany’s monetary and commercial policy

credit is to be attributed to Röpke’s influence.

He—and the late Walter Eucken—are rightly thought of

as the intellectual authors of Germany’s economic resurrection.

Mises (1966, p. 200)

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Kolev, S. (2018). Paleo- and Neoliberals: Ludwig von Mises and the “Ordo-interventionists”. In: Commun, P., Kolev, S. (eds) Wilhelm Röpke (1899–1966). The European Heritage in Economics and the Social Sciences, vol 20. Springer, Cham. https://doi.org/10.1007/978-3-319-68357-7_5

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