IDEAS home Printed from https://ideas.repec.org/a/bpj/ordojb/v61y2010i1p29-52n5.html
   My bibliography  Save this article

An Ordoliberal Interpretation of Adam Smith

Author

Listed:
  • Klump Rainer
  • Wörsdörfer Manuel

Abstract

The aim of the following paper is to examine the complementarities (and divergences) between the ‘Paleo-liberal’ Adam Smith and the Ordoliberal Walter Eucken. Following the hypothesis that Smith is among the forerunners and predecessors of Ordoliberalism and Social Market Economy, we try to provide the reader with an insight into the socio-political philosophy of Smith and Eucken pointing at similarities and differences alike. Therefore, we base our examination on a systematic primary source text analysis comparing the books and essays written by Eucken and Smith. The paper tackles these questions in two main steps: The first part highlights Smith’s and Eucken’s complex and interdependent system of natural liberty. The second section reviews Smith’s and Eucken’s philosophy of the state.

Suggested Citation

  • Klump Rainer & Wörsdörfer Manuel, 2010. "An Ordoliberal Interpretation of Adam Smith," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 61(1), pages 29-52, January.
    • Handle: RePEc:bpj:ordojb:v:61:y:2010:i:1:p:29-52:n:5
    DOI: 10.1515/ordo-2010-0105
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/ordo-2010-0105
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.1515/ordo-2010-0105?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Irma Adelman & Jairus M. Hihn, 1983. "The Political Economy of Investment in Human Capital," International Economic Association Series, in: Paul Streeten & Harry Maier (ed.), Human Resources, Employment and Development Volume 2: Concepts, Measurement and Long-Run Perspective, chapter 5, pages 117-146, Palgrave Macmillan.
    2. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, October.
    3. repec:ilo:ilowps:211035 is not listed on IDEAS
    4. Nathan Rosenberg, 1960. "Some Institutional Aspects of the Wealth of Nations," Journal of Political Economy, University of Chicago Press, vol. 68(6), pages 557-557.
    5. Andreae W., 1962. "Die Sozial- und Wirtschaftsphilosophie des Neoliberalismus," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 174(1), pages 136-144, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Scott Drylie, 2020. "Professional Scholarship from 1893 to 2020 on Adam Smith’s Views on School Funding: A Heterodox Examination," Econ Journal Watch, Econ Journal Watch, vol. 17(2), pages 350–391-3, September.
    2. Horn, Karen, 2019. "The difficult relationship between historical ordoliberalism and Adam Smith," Freiburg Discussion Papers on Constitutional Economics 19/3, Walter Eucken Institut e.V..
    3. Manuel Wörsdörfer, 2012. "Walter Eucken on Patent Laws: Are Patents Just ‘Nonsense upon Stilts’?," Economic Thought, World Economics Association, vol. 1(2), pages 1-3, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niclas Berggren & Therese Nilsson, 2013. "Does Economic Freedom Foster Tolerance?," Kyklos, Wiley Blackwell, vol. 66(2), pages 177-207, May.
    2. Harry Hummels & Patrick Nullens, 2022. "‘Other-wise’ Organizing. A Levinasian Approach to Agape in Work and Business Organisations," Humanistic Management Journal, Springer, vol. 7(2), pages 211-232, October.
    3. Brent Butgereit & Art Carden, 2011. "Capitalism, Socialism And Calculation," Economic Affairs, Wiley Blackwell, vol. 31(3), pages 41-45, October.
    4. William Kingston, 2014. "Schumpeter and the end of Western Capitalism," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 449-477, July.
    5. Aki Tomizawa & Li Zhao & Geneviève Bassellier & David Ahlstrom, 2020. "Economic growth, innovation, institutions, and the Great Enrichment," Asia Pacific Journal of Management, Springer, vol. 37(1), pages 7-31, March.
    6. repec:jpe:journl:1368 is not listed on IDEAS
    7. Desierto, Desiree & Koyama, Mark, 2024. "The Political Economy of Status Competition: Sumptuary Laws in Preindustrial Europe," The Journal of Economic History, Cambridge University Press, vol. 84(2), pages 479-516, June.
    8. Vanberg, Viktor J., 2005. "Market and state: the perspective of constitutional political economy," Journal of Institutional Economics, Cambridge University Press, vol. 1(1), pages 23-49, June.
    9. Vlad Tarko & Kyle O’Donnell, 2019. "Escape from Europe: a calculus of consent model of the origins of liberal institutions in the North American colonies," Constitutional Political Economy, Springer, vol. 30(1), pages 70-95, March.
    10. Jack High, 2013. "Deirdre McCloskey, Bourgeois Dignity: Why Economics Can’t Explain the Modern World," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 347-354, September.
    11. Rick Wicks, 2012. "Assumption Without Representation: The Unacknowledged Abstraction from Communities and Social Goods," The American Economist, Sage Publications, vol. 57(1), pages 78-95, May.
    12. James Alm, 2014. "Does an uncertain tax system encourage üaggressive tax planningý?," Economic Analysis and Policy, Elsevier, vol. 44(1), pages 30-38.
    13. Deirdre Nansen McCloskey, 2019. "Lachmann practiced humanomics, beyond the dogma of behaviorism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 47-61, March.
    14. Enrico Spolaore, 2020. "Commanding Nature by Obeying Her: A Review Essay on Joel Mokyr's A Culture of Growth," Journal of Economic Literature, American Economic Association, vol. 58(3), pages 777-792, September.
    15. Bart J. Wilson, 2012. "Contra Private Fairness," American Journal of Economics and Sociology, Wiley Blackwell, vol. 71(2), pages 407-435, April.
    16. Ronald Bodkin, 1999. "Women's Agency In Classical Economic Thought: Adam Smith, Harriet Taylor Mill, And J. S. Mill," Feminist Economics, Taylor & Francis Journals, vol. 5(1), pages 45-60.
    17. Michael Schwartz, 2009. "Moral Vision: Iris Murdoch and Alasdair MacIntyre," Journal of Business Ethics, Springer, vol. 90(3), pages 315-327, December.
    18. repec:jpe:journl:1441 is not listed on IDEAS
    19. Menudo, Jose M., 2011. "Market Stability in Adam Smith: Competitive Process and Institutions," MPRA Paper 15361, University Library of Munich, Germany.
    20. Victor I. Espinosa & Miguel A. Alonso Neira & Jesús Huerta de Soto, 2021. "Principles of Sustainable Economic Growth and Development: A Call to Action in a Post-COVID-19 World," Sustainability, MDPI, vol. 13(23), pages 1-14, November.
    21. Jan Schnellenbach, 2015. "Does classical liberalism imply an evolutionary approach to policy-making?," Journal of Bioeconomics, Springer, vol. 17(1), pages 53-70, April.
    22. Brendan Markey-Towler, 2018. "A formal psychological theory for evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 691-725, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:ordojb:v:61:y:2010:i:1:p:29-52:n:5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyterbrill.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.