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This paper examines the nature of quasi-markets and their significance for the delivery of public services. The nature of quasi-markets is outlined, along with the rationale for their use in the reform of the public services. That theoretical account is then complemented by more concrete discussions of example of quasi-markets, drawn from the United Kingdom…. Read more »

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The orthodox view of economic policy holds that public deliberation sets the goals or ends, and then experts select the means to implement these goals. This assumes that experts are no more than trustworthy servants of the public interest. David M. Levy and Sandra J. Peart examine the historical record to consider cases in which… Read more »

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This volume provides a comprehensive account of Wilhelm Röpke as a liberal political economist and social philosopher. Wilhelm Röpke (1899-1966) was a key protagonist of transatlantic neoliberalism, a prominent public intellectual and a gifted international networker. As an original thinker, he always positioned himself at the interface between political economy and social philosophy, as well… Read more »

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Walter Eucken is mostly known for his impact on establishing the Social Market Economy in post-war Germany. In this paper we identify how Eucken was highly influential in the formation of the Mont Pèlerin Society (MPS), and how German ordoliberalism left a significant footprint on the early history of the MPS. To show this organizational… Read more »

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This paper addresses the intellectual relationship between Max Weber and three key proponents of neoliberalism: F.A. Hayek, Walter Eucken and Wilhelm Röpke. This relationship is contextualized in the history of German-language political economy, focusing on the nexus and proximity between early 20th century economic sociology and the emergence and evolution of the various neoliberal political… Read more »

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The article depicts a controversy among German-speaking members of the Mont Pelerin Society in 1955. It is based on a previously unknown exchange of letters between Wilhelm Röpke, Alexander Rüstow, Friedrich Hayek, and Ludwig Mises, among others. Sparked by an article in a publication edited by Voldkmar Muthesius, the discussion revolved around different approaches to… Read more »

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Ordoliberalism is often accused as being responsible for Germany’s policy stance during the Eurozone crisis. Ordoliberalism originates from the so-called Freiburg School of Economics, founded by Walter Eucken during the 1930s at the University of Freiburg, which is in fact in Germany. It is however neither true that ordoliberal thought has continuously been predominant and… Read more »

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Adam Smith infused the expression “impartial spectator” with a plexus of related meanings, one of which is a super-being, which normally would aptly take the definite article the, and which bears parallels to monotheistic ideas of God. As for any genuine, identified, human spectator of an incident, he can be deemed impartial only presumptively. Furthermore,… Read more »