Page "Neoliberalism" Paragraph 19

Hayek did not like the expression “ social market economy ”, but he noticed in 1976 that some of his friends in Germany had succeeded in implementing the sort of social order for which he was pleading while using that phrase.

Ludwig von Mises stated despite some controversy at the Mont Pelerin Society that Erhard and Müller-Armack accomplished a great act of liberalism to restore the German economy and called this “ a lesson for the US ”.

According to different research, however, Mises believed that the Ordoliberals were hardly better than socialists.

As an answer to Hans Hellwigs complaints about the interventionist excesses of the Erhard ministry and the Ordoliberals, Mises wrote, “ I have no illusions about the true character of the politics and politicians of the social market economy .” According to Mises, Erhard ´ s teacher, Franz Oppenheimer “ taught more or less the New Frontier line of ” President Kennedy ´ s “ Harvard consultants ( Schlesinger, Galbraith, etc.

)”