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The Strong State and the Free Economy (Hardcover)
Loot Price: R3,594
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The Strong State and the Free Economy (Hardcover)
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German ordoliberalism originated at the end of the Weimar Republic
(1918-1933) in a context of hyper-inflation, depression, mass
unemployment and social unrest. For ordoliberalism, a free economy
is premised on a sound political, legal, social and moral framework
to secure its cohesion. The role of the state is to ensure a
liberal economic order. Ordoliberalism is a contested account of
post-neoliberal political economy: some argue that it offers a more
restrained and socially just market order; others, in complete
contrast, that is a form of authoritarian liberalism and that it is
the theoretical foundation for the austerity politics that the EU
has actively promoted in recent years. Foucault discusses
ordoliberalism at length in The Birth of Biopolitics, and
Bonefeld's book provides a thought-provoking companion to those
lectures by offering a more comprehensive investigation of the
theoretical foundation of ordoliberal thought and its historical
and theoretical contexts.
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