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A Political Economy of PowerOrdoliberalism in Context, 1932-1950$
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Raphaël Fèvre

Print publication date: 2022

Print ISBN-13: 9780197607800

Published to Oxford Scholarship Online: October 2021

DOI: 10.1093/oso/9780197607800.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 26 May 2022

Authority Taming Power

Authority Taming Power

(p.143) Chapter 4 Authority Taming Power
A Political Economy of Power

Raphaël Fèvre

Oxford University Press

From a political perspective, ordoliberals formulated a “new” social question based on the collapse of human freedom and autonomy in the face of the rise of private and public economic powers. Thus ordoliberals regarded the dispersion of economic power within the economic process as the key to overcome the social question. Finding an answer to the social question required the institution and perpetuation of the competitive order. Thus, the ordoliberal economic policy is directed toward the dispersion of economic power. Ordoliberals considered competition as a formidable tool for the disempowering of private economic power and for regulating the social body. Tracing the various manifestations of economic power led the ordoliberals to consider a broad program of economic and social policies that should be politically implemented by a strong state.

Keywords:   ordoliberalism, strong state, Walter Eucken, Wilhelm Röpke, social question, economic policy, economic constitution, competitive order, monopolies

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