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Neoliberalism and Right-wing Populism: Conceptual Analogies

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  • Stephan Pühringer
  • Walter O. Ötsch
Abstract
The paper compares neoliberal market-fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Hence we offer an analysis of the work of important founders of market-fundamental economic thinking (particularly von Mises) and an established definition of populism (demonstrated by the example of arguments brought forward by leading populists, like Trump). In doing so, we highlight conceptual resemblances of these two approaches: Both assume a dually divided world that is split into only two countervailing parts. Right-wing populism shows a society split into two groups, fighting against each other. In a similar vein, neoliberal market-fundamentalists argue that there are only two possible countervailing economic and societal orders. We argue that the categorical analogies between neoliberal market-fundamentalism and right-wing populism could provide the basis for a new form of authoritarian neoliberalism.

Suggested Citation

  • Stephan Pühringer & Walter O. Ötsch, 2018. "Neoliberalism and Right-wing Populism: Conceptual Analogies," Forum for Social Economics, Taylor & Francis Journals, vol. 47(2), pages 193-203, April.
    • Handle: RePEc:taf:fosoec:v:47:y:2018:i:2:p:193-203
    DOI: 10.1080/07360932.2018.1451765
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    References listed on IDEAS

    as
    1. Mary V. Wrenn, 2014. "The Social Ontology of Fear and Neoliberalism," Review of Social Economy, Taylor & Francis Journals, vol. 72(3), pages 337-353, September.
    2. Philip Mirowski, 2014. "The Political Movement that Dared not Speak its own Name: The Neoliberal Thought Collective Under Erasure," Working Papers Series 23, Institute for New Economic Thinking.
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    More about this item

    JEL classification:

    • B19 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Other
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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