Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197221
Authors: 
Ötsch, Walter
Pühringer, Stephan
Year of Publication: 
2019
Series/Report no.: 
Working Paper Serie Ök-48
Abstract: 
The paper compares neoliberal market-fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Based on an analysis of the work of important founders of market fundamental economic thinking (particularly Mises, and Hayek) and the arguments brought forward by leading right-wing populist we find highlight conceptual resemblances of these two approaches: Both show a 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-fundamentalism shows only two possible countervailing economic and societal orders. Thus, we develop a scheme of the similar dual social worlds of right-wing-populism and market-fundamentalism and offer some examples in the history of the Republican Party, where these concepts mutually reinforced each other or served as a gateway for each other. The main conclusion of the paper is that neoliberal market-fundamentalism and right-wing populism can be perceived as two mutually reinforcing and radicalizing threats to democracy in the 21st century.
Subjects: 
Right-wing populism
market-fundamentalism
inner images
Donald Trump
patterns of thinking
JEL: 
A12
A14
B41
B59
Document Type: 
Working Paper

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