The EU’s neoliberal constitutionalism(s)
Beyond their differences, the various currents of neoliberalism share a common legal agenda: economic constitutionalism. From ordoliberal Ordnungspolitik to new classical macroeconomics and public choice, from Hayek’s ‘constitution of liberty’ to Vanberg’s ‘constitutional political economy’, an inst...
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Cambridge University Press
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| Series: | European Law Open |
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| Online Access: | https://www.cambridge.org/core/product/identifier/S275261352400050X/type/journal_article |
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| author | Guillaume Grégoire |
| author_facet | Guillaume Grégoire |
| author_sort | Guillaume Grégoire |
| collection | DOAJ |
| description | Beyond their differences, the various currents of neoliberalism share a common legal agenda: economic constitutionalism. From ordoliberal Ordnungspolitik to new classical macroeconomics and public choice, from Hayek’s ‘constitution of liberty’ to Vanberg’s ‘constitutional political economy’, an institutional agenda has emerged around a number of key tenets: enhancing the competition between jurisdictions through (state and international) federalism; safeguarding the competitive functioning of the market through supra-legislative rules; limiting fiscal policies and disciplining public spending through balanced budget rules; neutralising monetary policy through independent and price stability-oriented central banks. These key tenets of neoliberal constitutionalism infuse the three layers of the European economic constitution: the fundamental freedoms of movement pave the way to normative competition between national legislations (microeconomic constitution); competition law guarantees the competitive structure of the market (mesoeconomic constitution); European Economic and Monetary Union implements the rules of budgetary discipline and monetary stability (macroeconomic constitution). This does not imply that the European Union is solely a neoliberal project or that the European Union’s current neoliberal path is irreversible. But it does at least raise questions about the actual room for manoeuvre left by this rigid ‘economic constitution’ to public institutions in dealing with the various current crises. |
| format | Article |
| id | doaj-art-7f4e994dea784ea7baca5f913fd5df13 |
| institution | Kabale University |
| issn | 2752-6135 |
| language | English |
| publisher | Cambridge University Press |
| record_format | Article |
| series | European Law Open |
| spelling | doaj-art-7f4e994dea784ea7baca5f913fd5df132025-02-06T09:12:13ZengCambridge University PressEuropean Law Open2752-613514110.1017/elo.2024.50The EU’s neoliberal constitutionalism(s)Guillaume Grégoire0https://orcid.org/0000-0003-2804-0509Department of Economic Law and Legal Theory, University of Liège, Liège, BelgiumBeyond their differences, the various currents of neoliberalism share a common legal agenda: economic constitutionalism. From ordoliberal Ordnungspolitik to new classical macroeconomics and public choice, from Hayek’s ‘constitution of liberty’ to Vanberg’s ‘constitutional political economy’, an institutional agenda has emerged around a number of key tenets: enhancing the competition between jurisdictions through (state and international) federalism; safeguarding the competitive functioning of the market through supra-legislative rules; limiting fiscal policies and disciplining public spending through balanced budget rules; neutralising monetary policy through independent and price stability-oriented central banks. These key tenets of neoliberal constitutionalism infuse the three layers of the European economic constitution: the fundamental freedoms of movement pave the way to normative competition between national legislations (microeconomic constitution); competition law guarantees the competitive structure of the market (mesoeconomic constitution); European Economic and Monetary Union implements the rules of budgetary discipline and monetary stability (macroeconomic constitution). This does not imply that the European Union is solely a neoliberal project or that the European Union’s current neoliberal path is irreversible. But it does at least raise questions about the actual room for manoeuvre left by this rigid ‘economic constitution’ to public institutions in dealing with the various current crises.https://www.cambridge.org/core/product/identifier/S275261352400050X/type/journal_articleinternal marketcompetition lawEconomic and Monetary UnionOrdnungspolitikAls-Ob Politik |
| spellingShingle | Guillaume Grégoire The EU’s neoliberal constitutionalism(s) European Law Open internal market competition law Economic and Monetary Union Ordnungspolitik Als-Ob Politik |
| title | The EU’s neoliberal constitutionalism(s) |
| title_full | The EU’s neoliberal constitutionalism(s) |
| title_fullStr | The EU’s neoliberal constitutionalism(s) |
| title_full_unstemmed | The EU’s neoliberal constitutionalism(s) |
| title_short | The EU’s neoliberal constitutionalism(s) |
| title_sort | eu s neoliberal constitutionalism s |
| topic | internal market competition law Economic and Monetary Union Ordnungspolitik Als-Ob Politik |
| url | https://www.cambridge.org/core/product/identifier/S275261352400050X/type/journal_article |
| work_keys_str_mv | AT guillaumegregoire theeusneoliberalconstitutionalisms AT guillaumegregoire eusneoliberalconstitutionalisms |