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Ordoliberalism and Neoliberalization: Governing through Order or Disorder

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Ordoliberalism and Neoliberalization: Governing through Order or Disorder. / Jessop, B.

In: Critical Sociology, Vol. 45, No. 7-8, 01.11.2019, p. 967-981.

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Jessop, B. / Ordoliberalism and Neoliberalization: Governing through Order or Disorder. In: Critical Sociology. 2019 ; Vol. 45, No. 7-8. pp. 967-981.

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@article{756958413131439faf06c471dc1b8b93,
title = "Ordoliberalism and Neoliberalization:: Governing through Order or Disorder",
abstract = "Although both promote a free market and strong state, ordoliberalism is usefully contrasted with neoliberalization. Ordoliberals aim to achieve this goal by creating a juridico-political institutional fix that provides a stable framework for accumulation. Promoters of neoliberal regime shifts pursue it through strategies of destabilization that exploit resulting crises. Ordoliberalism governs through order, neoliberalization through disorder. Further, ordoliberalism corresponds more to an accumulation regime and mode of regulation-cum-governance based on a productivist concept of capital, reflecting the dominance of profit-producing capital in coordinated market economies. But it also has limited conditions of possibility and is relatively rare. In contrast, neoliberalization corresponds more to what Weber described as politically oriented capitalism, especially a finance-dominated accumulation regime, which is aligned with interest-bearing capital. It occurs in many more varieties of capitalism.",
keywords = "financialization, governance, law, neoliberalism, ordoliberalism, profit-producing capital, societalization, varieties of capitalism",
author = "B. Jessop",
note = "Revised written version of a PowerPoint presentation at University of East London, December 2017",
year = "2019",
month = nov,
day = "1",
doi = "10.1177/0896920519834068",
language = "English",
volume = "45",
pages = "967--981",
journal = "Critical Sociology",
issn = "0896-9205",
publisher = "SAGE Publications Ltd",
number = "7-8",

}

RIS

TY - JOUR

T1 - Ordoliberalism and Neoliberalization:

T2 - Governing through Order or Disorder

AU - Jessop, B.

N1 - Revised written version of a PowerPoint presentation at University of East London, December 2017

PY - 2019/11/1

Y1 - 2019/11/1

N2 - Although both promote a free market and strong state, ordoliberalism is usefully contrasted with neoliberalization. Ordoliberals aim to achieve this goal by creating a juridico-political institutional fix that provides a stable framework for accumulation. Promoters of neoliberal regime shifts pursue it through strategies of destabilization that exploit resulting crises. Ordoliberalism governs through order, neoliberalization through disorder. Further, ordoliberalism corresponds more to an accumulation regime and mode of regulation-cum-governance based on a productivist concept of capital, reflecting the dominance of profit-producing capital in coordinated market economies. But it also has limited conditions of possibility and is relatively rare. In contrast, neoliberalization corresponds more to what Weber described as politically oriented capitalism, especially a finance-dominated accumulation regime, which is aligned with interest-bearing capital. It occurs in many more varieties of capitalism.

AB - Although both promote a free market and strong state, ordoliberalism is usefully contrasted with neoliberalization. Ordoliberals aim to achieve this goal by creating a juridico-political institutional fix that provides a stable framework for accumulation. Promoters of neoliberal regime shifts pursue it through strategies of destabilization that exploit resulting crises. Ordoliberalism governs through order, neoliberalization through disorder. Further, ordoliberalism corresponds more to an accumulation regime and mode of regulation-cum-governance based on a productivist concept of capital, reflecting the dominance of profit-producing capital in coordinated market economies. But it also has limited conditions of possibility and is relatively rare. In contrast, neoliberalization corresponds more to what Weber described as politically oriented capitalism, especially a finance-dominated accumulation regime, which is aligned with interest-bearing capital. It occurs in many more varieties of capitalism.

KW - financialization

KW - governance

KW - law

KW - neoliberalism

KW - ordoliberalism

KW - profit-producing capital

KW - societalization

KW - varieties of capitalism

U2 - 10.1177/0896920519834068

DO - 10.1177/0896920519834068

M3 - Journal article

VL - 45

SP - 967

EP - 981

JO - Critical Sociology

JF - Critical Sociology

SN - 0896-9205

IS - 7-8

ER -