Jamal Awil

← The Morals of the Market

Given that moral rules exist to support the market order. [fact]

Given that moral rules exist to support the market order, Hayek urged that 'conduciveness to that order be accepted as a standard by which all particular institutions are judged'. This was Hayek's own version of the German ordoliberal conviction that economic policies must be systemgerech, or compatible with the whole economic system. This market-conduciveness, or compatibility, gave the neoliberals a criterion for assessing claims to human rights that was more precise than a simple distinction between civil and political rights and social and economic rights: to the extent rights supported market relations, the neoliberals actively promoted them; when claims for rights interfered with the competitive market, by requiring state intervention and non-market forms of obligation and redistribution, they opposed them as though the fate of civilisation depended on it.

Jessica Whyte, The Morals of the Market, loc. 27