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Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians

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  2. Economics, Finance, Business & Management
  3. Journal of Contextual Economics – Schmollers Jahrbuch
  4. Vol. 142, Issue 3
  5. pp. 317–336

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Kolev, S. Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians. Journal of Contextual Economics – Schmollers Jahrbuch, 142(3), 317-336. https://doi.org/10.3790/schm.2024.375230
Kolev, Stefan "Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians" Journal of Contextual Economics – Schmollers Jahrbuch 142.3, 2022, 317-336. https://doi.org/10.3790/schm.2024.375230
Kolev, Stefan (2022): Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 142, iss. 3, 317-336, [online] https://doi.org/10.3790/schm.2024.375230
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Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians

Kolev, Stefan

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 142(2022), Iss. 3 : pp. 317–336 | First published online: June 02, 2025

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Duncker & Humblot
DOI
https://doi.org/10.3790/schm.2024.375230
Language
English
Pages
20
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open-access https://creativecommons.org/licenses/by/4.0
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Author Details

Prof. Dr. Stefan Kolev, Ludwig Erhard Forum for Economy and Society Oranienburger Str. 4 – 5 10178 Berlin, Germany

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Abstract

This article pursues two goals. First, to reflect on how historical Ordnungsökonomik (Economics of Order) illuminates the politico-economic crises in today’s Western democracies via the increasing parallels to the fragilities and fractures of the 1930s. Second, based on these historical inspirations, to come closer to a modern Ordnungsökonomik targeted specifically at today’s crises. The three-step approach consists of an anamnesis (“crisis burger”), a diagnosis (“anxiety from over-dynamics”), and a therapy (“fixed points towards order security”). Thus the article revisits the role of liberal political economists as order guardians amid what I call superfragility, a context in which citizens radically lose trust and unsubscribe from the order, making the trust-enhancing role of liberal political economists existential for the order’s future.

Table of Contents

Section Title Page Action Price
Stefan Kolev: Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians 317
1. Introduction 317
2. Anamnesis: Superfragility and Its Crisis Burger 319
3. Diagnosis: Dynamics, Over-Dynamics, and Anxiety-Driven Polarization 321
4. Therapy: Order Security, Fixed Points, and Order Guardians 326
5. Summary: Liberal Political Economists and the “Governing Dynamics” Agenda 331
References 332

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