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Besieged by the left and the right: The order of liberal globalism

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  • Stefan Kolev

    (University of Applied Sciences Zwickau
    Wilhelm Röpke Institute)

Abstract

This paper provides a critical reading of Quinn Slobodian’s “Globalists: The End of Empire and the Birth of Neoliberalism”. Slobodian’s narrative centers around the concept of a “Geneva School” of economists and lawyers who, from the 1930s to the 1990s, shaped the international economic order through activities in Genevan institutions. The paper shows in what ways the book constitutes a highly stimulating challenge for readers who align normatively with the characters portrayed by Slobodian. Despite some weaknesses in its historiographical construction, the Geneva School is interpreted as an innovative contribution to the neoliberalism literature. The critical remarks on the book are embedded in posing an overarching question: In what ways can globalists like the author of the paper and moderate critics of globalism like Slobodian enter a fruitful conversation about improving the deficiencies of the global politico-economic order, especially in light of the far-left and far-right critique of globalism in recent years.

Suggested Citation

  • Stefan Kolev, 2020. "Besieged by the left and the right: The order of liberal globalism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 521-533, December.
    • Handle: RePEc:kap:revaec:v:33:y:2020:i:4:d:10.1007_s11138-019-00473-w
    DOI: 10.1007/s11138-019-00473-w
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    References listed on IDEAS

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    1. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2016. "The Euro and the Battle of Ideas," Economics Books, Princeton University Press, edition 1, number 10828.
    2. Zweynert, Joachim & Kolev, Stefan & Goldschmidt, Nils (ed.), 2016. "Neue Ordnungsökonomik," Untersuchungen zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 69, number urn:isbn:9783161529948, September.
    3. Levy,David M. & Peart,Sandra J., 2017. "Escape from Democracy," Cambridge Books, Cambridge University Press, number 9781316507131, January.
    4. Deirdre Nansen McCloskey, 2016. "The great enrichment: a humanistic and social scientific account," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 64(1), pages 6-18, March.
    5. Burgin, Angus, 2012. "The Great Persuasion: Reinventing Free Markets since the Depression," Economics Books, Harvard University Press, number 9780674058132, Spring.
    6. Stefan Kolev, 2018. "Paleo- and Neoliberals: Ludwig von Mises and the “Ordo-interventionists”," The European Heritage in Economics and the Social Sciences, in: Patricia Commun & Stefan Kolev (ed.), Wilhelm Röpke (1899–1966), pages 65-90, Springer.
    7. Zweynert, Joachim & Kolev, Stefan & Goldschmidt, Nils (ed.), 2016. "Neue Ordnungsökonomik," Untersuchungen zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 69, number urn:isbn:9783161529955, September.
    8. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302, Decembrie.
    9. Zweynert, Joachim, 2009. "Interests versus culture in the theory of institutional change?," Journal of Institutional Economics, Cambridge University Press, vol. 5(3), pages 339-360, December.
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    Cited by:

    1. Stefan Kolev, 2022. "Anti-democratic revolutionaries or democratic reformers? A review essay of Janek Wasserman’s The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(4), pages 531-546, December.

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    More about this item

    Keywords

    Neoliberalism; Ordoliberalism; Globalization; Ideas and institutions; Law and economics; Role of economists;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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