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The Philosophy of Social Market Economy: Michel Foucault’s Analysis of Ordoliberalism

Year:    2018

Author:    Goldschmidt, Nils, Rauchenschwandtner, Hermann

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 138 (2018), Iss. 2 : pp. 157–184

Abstract

Michel Foucault’s lectures at the Collège de France in 1978–1979 centered on the analysis of power with regard to liberalism. Foucault especially focused on German ordoliberalism and its specific governmentality. Although Foucault’s review of the ordoliberal texts, programs, and books is very accurate there are some occasional “schematic” simplifications. Our article evaluates Foucault’s constitution of an ordoliberal “archive,” though more emphasis is placed on the general importance of the phenomenological orientation in Walter Eucken’s work. Hence, three tasks guide our paper: first, an analysis of Foucault’s position; second, the phenomenological foundation of ordoliberal discourse compared to 18th century liberal discourse, i.e. the way in which Walter Eucken received Husserl. Third, our article raises the subject of the mutual historical-epistemological complementation of philosophy and economics by taking Foucault’s analysis as the starting point. Furthermore, the consequences of a phenomenological, i.e. “eidetic” order of the economy, is discussed, focusing mainly on the expansion of competition in social domains.

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/schm.138.2.157

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 138 (2018), Iss. 2 : pp. 157–184

Published online:    2018-06

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    28

Keywords:    B20 B29 B40

Author Details

Goldschmidt, Nils

Rauchenschwandtner, Hermann

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