This article reconsiders the work of Raymond Aron in order to explore the fracture lines that existed between conservative forms of political liberalism, as advocated by Aron, and neoliberal ideas of economic or market freedom associated with Hayek and his followers. These tensions between Aron and Hayek are analysed by assessing Aron’s involvement in the Mont Pèlerin Society and the Congress for Cultural Freedom through the 1950s, and then considering the arguments of his 1962 review of Hayek’s Constitution of Liberty (...) and his 1963 Jefferson Lectures. While Aron has been largely neglected in the existing literature on neoliberalism, it will be argued that he was the key sociological figure to engage critically with neoliberalism in its formative years and, beyond this, that the value of his work today lies in its defence of the social basis of democracy and freedom against the raw economism of neoliberal thought. (shrink)

Léon Walras is one of the four or five most important economic theorists in the history of the science. The present book is a complete English translation of the second edition of his Études d’économie sociale, in which he applies economic theory to real problems, presents the essence of his normative economic ideas, and reveals himself to have also been a great thinker on human nature, justice,mores, and the structure of scientific inquiry and knowledge. The book will be of interest (...) to researchers and postgraduate students in the area of the history of economics as well as those interested in Walrasian topics, such as social justice, taxation, intellectual property, and land ownership. (shrink)

This paper uses Michel Foucault’s lectures on biopolitics as a starting point for thinking historically about neoliberalism. Foucault’s lectures offer a rich and detailed account of the emergence of neoliberalism, but this account is far from complete. This paper addresses some of the blind-spots in Foucault’s lectures by focusing on the space between the decline of classical liberalism at the end of the 19th century and the subsequent attempt to develop a ‘positive’ or ‘ordo’ liberalism in post-war Germany. The primary (...) concern of this paper is to chart the emergence of a new or neo- liberalism in the writings of Ludwig von Mises and Friedrich von Hayek through the 1920s and 1930s. These writings, which are barely considered by Foucault, are important as they redefine the liberal project against the political economy of the late 19th century and, in particular, against the threat of socialism. In conclusion, it is argued that by returning to the work of Mises and Hayek it is possible to develop a critical sociology of neoliberalism, one that not only engages with the writings of these two thinkers but which also exposes the fracture lines that exist within the neoliberal project, and reconsiders the political positions that neoliberalism initially sought to reject. (shrink)