Pub Date : 2021-10-21DOI: 10.1093/oso/9780197607800.003.0004
R. Fevre
Ordoliberals studied the manifestations of power through a “morphological” lens (opposing the centrally administered economy to the economy of exchange), leading Eucken to take a stand in relation to two of the great international discussions of the discipline in the interwar years: the feasibility of a socialist calculation and the debate over imperfect/monopolistic market structures. The theoretical substance of these two debates is closely related to a political quest for stability of the economic and social order. The centrally administered economy is characterized by the strong influence of what ordoliberals saw as illegitimate powers on the economic process. But ordoliberals considered that, within the exchange economy system itself, markets were not free from power relations. The contribution of Stackelberg to the analysis of unbalanced market structures is therefore indispensable for understanding the literary marginalism of the ordoliberals.
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