IDEAS home Printed from https://ideas.repec.org/p/zbw/aluord/1402.html
   My bibliography  Save this paper

Walter Eucken's role in the early history of the Mont Pèlerin Society

Author

Listed:
  • Kolev, Stefan
  • Goldschmidt, Nils
  • Hesse, Jan-Otmar

Abstract

In the history of economic thought Walter Eucken is mostly known for his impact in establishing the Social Market Economy in post-war Germany. Even though there is a growing interest in his ideas especially from an Austrian and a Constitutional Economics perspective, his influence on the discussions within neoliberalism and, more specifically, his impact in the course of the foundation of the Mont Pèlerin Society (MPS) are not yet widely considered. In this paper we attempt to show that Eucken was very influential in the formation of the MPS and that German ordoliberalism had a significant imprint on the early history of the society. It is primarily Eucken's correspondence with F. A. Hayek and Wilhelm Röpke in this context which we present and analyze, complementing it with some hypotheses about early influences between Eucken and Hayek in terms of methodology and epistemology. Subsequently we show, by regarding the first MPS meetings between 1947 and 1949 (general and organizational), that there was - even at this early stage in the development of the MPS - a widening gap between a Continental European and an Anglo-Saxon understanding of neoliberalism, despite the personal friendships and high collegial respect especially between Eucken, Hayek and Röpke; Ludwig von Mises playing a special role in this setting. We illustrate this development also by discussing personal memories of Leonhard Miksch, a student of Eucken and a participant of the MPS meeting in 1949, recorded in his so far unpublished diary.

Suggested Citation

  • Kolev, Stefan & Goldschmidt, Nils & Hesse, Jan-Otmar, 2014. "Walter Eucken's role in the early history of the Mont Pèlerin Society," Freiburg Discussion Papers on Constitutional Economics 14/02, Walter Eucken Institut e.V..
  • Handle: RePEc:zbw:aluord:1402
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/90809/1/77707169X.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nils Goldschmidt, 2013. "Walter Eucken’s place in the history of ideas," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 127-147, June.
    2. Michael Wohlgemuth, 2013. "The Freiburg school and the Hayekian challenge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 149-170, June.
    3. Joachim Zweynert, 2013. "How German is German neo-liberalism?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 109-125, June.
    4. Hayek, F. A., 2014. "The Market and Other Orders," University of Chicago Press Economics Books, University of Chicago Press, number 9780226089553 edited by Caldwell, Bruce, Febrero.
    5. Viktor Vanberg, 2011. "Liberal constitutionalism, constitutional liberalism and democracy," Constitutional Political Economy, Springer, vol. 22(1), pages 1-20, March.
    6. Nils Goldschmidt & Michael Wohlgemuth, 2008. "Social Market Economy: origins, meanings and interpretations," Constitutional Political Economy, Springer, vol. 19(3), pages 261-276, September.
    7. Kolev, Stefan, 2010. "F. A. Hayek as an ordo-liberal," HWWI Research Papers 5-11, Hamburg Institute of International Economics (HWWI).
    8. Rainer Klump & Manuel Wörsdörfer, 2011. "On the affiliation of phenomenology and ordoliberalism: Links between Edmund Husserl, Rudolf and Walter Eucken," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 18(4), pages 551-578, October.
    9. Köhler, Ekkehard & Kolev, Stefan, 2011. "The conjoint quest for a liberal positive program: "Old Chicago", Freiburg and Hayek," HWWI Research Papers 109, Hamburg Institute of International Economics (HWWI).
    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. Ötsch, Walter & Pühringer, Stephan, 2019. "The anti-democratic logic of right-wing populism and neoliberal market-fundamentalism," Working Paper Series Ök-48, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    2. Kolev, Stefan, 2019. "Antipathy for Heidelberg, sympathy for Freiburg? Vincent Ostrom on Max Weber, Walter Eucken, and the compound history of order," Freiburg Discussion Papers on Constitutional Economics 19/06, Walter Eucken Institut e.V..
    3. Ötsch, Walter Otto, 2015. "Die Politische Ökonomie "des" Marktes: Eine Zusammenfassung zur Wirkungsgeschichte von Friedrich A. Hayek," Working Paper Series Ök-10, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    4. Hien, Josef, 2019. "The Religious Foundations of the European Crisis," EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 185-204.
    5. Stephan Puehringer, 2016. "Think Tank networks of German neoliberalism. Power structures in economics and economic policies in post-war Germany," ICAE Working Papers 53, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    6. Frédéric Marty, 2014. "Towards an Economics of Convention-based Approach of the European Competition Policy," GREDEG Working Papers 2014-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    7. Kolev Stefan, 2015. "Two interactive masterminds: Hayek′s fluctuating fascination for John Stuart Mill′s system of thought," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 387-396, January.

    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. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    2. Goldschmidt, Nils & Hesse, Jan-Otmar, 2012. "Eucken, Hayek, and the Road to Serfdom," Freiburg Discussion Papers on Constitutional Economics 12/4, Walter Eucken Institut e.V..
    3. Stephan Puehringer, 2016. "Think Tank networks of German neoliberalism. Power structures in economics and economic policies in post-war Germany," ICAE Working Papers 53, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    4. Nils Goldschmidt, 2013. "Walter Eucken’s place in the history of ideas," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 127-147, June.
    5. Joachim Zweynert, 2015. "The concept of Ordnungspolitik through the lens of the theory of limited and open access orders," Constitutional Political Economy, Springer, vol. 26(1), pages 4-18, March.
    6. Sunstein, Cass R., 2016. "Fifty Shades of Manipulation," Journal of Marketing Behavior, now publishers, vol. 1(3-4), pages 213-244, February.
    7. van Bavel, Bas, 2016. "The Invisible Hand?: How Market Economies have Emerged and Declined Since AD 500," OUP Catalogue, Oxford University Press, number 9780199608133.
    8. Adrian Pabst & Roberto Scazzieri, 2012. "The political economy of civil society," Constitutional Political Economy, Springer, vol. 23(4), pages 337-356, December.
    9. Kolev Stefan, 2015. "Two interactive masterminds: Hayek′s fluctuating fascination for John Stuart Mill′s system of thought," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 387-396, January.
    10. Wohlgemuth, Michael, 2008. "A European social model of state-market relations: the ethics of competition from a neo-liberal perspective," Freiburg Discussion Papers on Constitutional Economics 08/9, Walter Eucken Institut e.V..
    11. Köhler, Ekkehard & Kolev, Stefan, 2011. "The conjoint quest for a liberal positive program: "Old Chicago", Freiburg and Hayek," HWWI Research Papers 109, Hamburg Institute of International Economics (HWWI).
    12. Stephan Wolf & Nils Goldschmidt & Thomas Petersen, 2015. "Votes on behalf of children: a legitimate way of giving them a voice in politics?," Constitutional Political Economy, Springer, vol. 26(3), pages 356-374, September.
    13. Viktor Vanberg, 2014. "James M. Buchanan’s contractarianism and modern liberalism," Constitutional Political Economy, Springer, vol. 25(1), pages 18-38, March.
    14. Marcelo Resico & Stefano Solari, 2016. "The Social Market Economy as a Feasible Policy Option for Latin Countries," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 27-52.
    15. Kolev Stefan, 2015. "The economist as public intellectual: an endangered species?: Walter Lippmann′s unique public impact as an impulse for today′s economics," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 396-406, January.
    16. Ötsch, Walter & Pühringer, Stephan, 2018. "Markfundamentalismus als Kollektivgedanke: Mises und die Ordoliberalen," Working Paper Series Ök-41, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    17. Ötsch, Walter & Pühringer, Stephan, 2019. "The anti-democratic logic of right-wing populism and neoliberal market-fundamentalism," Working Paper Series Ök-48, Cusanus Hochschule für Gesellschaftsgestaltung, Institut für Ökonomie.
    18. Kolev, Stefan, 2019. "Antipathy for Heidelberg, sympathy for Freiburg? Vincent Ostrom on Max Weber, Walter Eucken, and the compound history of order," Freiburg Discussion Papers on Constitutional Economics 19/06, Walter Eucken Institut e.V..
    19. Jay Joseph & Helen Borland & Marc Orlitzky & Adam Lindgreen, 2020. "Seeing Versus Doing: How Businesses Manage Tensions in Pursuit of Sustainability," Journal of Business Ethics, Springer, vol. 164(2), pages 349-370, June.
    20. Laica, Christoph & Lauber, Arne & Sahm, Marco, 2017. "Sequential round-robin tournaments with multiple prizes," BERG Working Paper Series 129, Bamberg University, Bamberg Economic Research Group.

    More about this item

    Keywords

    Neoliberalism; Mont Pèlerin Society; Ordoliberalism; History of Economic Thought; Political and Economic Order; Role of Economists;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • 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
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:zbw:aluord:1402. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - Leibniz Information Centre for Economics). General contact details of provider: http://edirc.repec.org/data/euckede.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.