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Liberal Order in the Twenty-First Century: Searching for Eunomia Once Again

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  • Amichai Magen

Abstract

Adherents of economic and political liberty are again compelled to ask fundamental questions about the nature and prospects of good order (or Eunomia). This article: (1) offers a quaternary definition of the concept of “order;” (2) contends that Eunomia is essentially about the creation, adaptation, and protection of the conditions necessary for human beings to live lives that are free from fear so as to maximize each individual’s unique potential for human flourishing; and (3) outlines an evolutionary understanding of Eunomia, whereby contemporary liberal orders represent the cumulative outcome of three sets of elite-selected “wins” over illiberal ones. To survive and thrive in the twenty-first century liberalism must once again contest and defeat rival orders.

Suggested Citation

  • Amichai Magen, 2019. "Liberal Order in the Twenty-First Century: Searching for Eunomia Once Again," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 139(2–4), pages 271-284.
  • Handle: RePEc:dah:aeqjce:v139_y2019_i2-4_q2-4_p271-284
    DOI: 10.3790/schm.139.2-4.271
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    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative

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