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F. A. Hayek as an Ordo-Liberal Stefan Kolev HWWI Research Paper 5-11 by the Zweigniederlassung Thüringen Hamburg Institute of International Economics (HWWI) | 2010 ISSN 1861-504X Stefan Kolev Hamburg Institute of International Economics (HWWI) Office in Thuringia c/o Thüringer Aufbaubank | Gorkistraße 9 | 99084 Erfurt | Germany Tel +49 (0) 361 7447 - 109 | Fax +49 (0) 361 7447 - 454 kolev@ HWWI Research Paper Hamburg Institute of International Economics (HWWI) Heimhuder Str. 71 | 20148 Hamburg | Germany Tel +49 (0)40 34 05 76 - 0 | Fax +49 (0)40 34 05 76 - 776 info@ | ISSN 1861-504X Editorial Board: Thomas Straubhaar (Chair) Joachim Zweynert © Hamburg Institute of International Economics (HWWI) August 2010 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the publisher. F.A. Hayek as an Ordo-Liberal 1 Stefan Kolev Table of Contents 1. Introduction 1 2. Ordo-liberalism: Freiburg School and German neo-liberalism 3 2.1. The various groups: a clarification3 2.2. The essence of the ordo-liberal program4 3. Hayek and the ordo-liberals: the biographical nexus 7 3.1. Interface Eucken-Hayek7 3.2. Interface Röpke-Hayek7 4. Hayek II: the ordo-liberal phase 8 4.1. Admissibility of phase separations in Hayek’s case 8 4.2. Hayek II vs. Hayek III: first approximation 9 4.3. Ordo-liberal germs in the 1930s10 4.4. The ordo-liberal climax in the 1940s13 4.5. Ordo-liberal traces in Hayek III16 5. New look at the