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Economics as Natural-History: Adorno and the Critique of Neoliberalism

Economics as Natural-History: Adorno and the Critique of Neoliberalism AbstractThis paper develops an analysis of neoliberal economics through Adorno’s concept of natural-history (Naturgeschichte), in order to articulate the formation of what I define as neoliberal “second nature.” Through engagements with economic history, I demonstrate how the neoclassical, and neoliberal economic traditions have naturalized the concept of the free market in their relevant notions of value, information, and competition. Through engagements with Hayek’s critique of socialist calculation and the emergence of information sciences, I analyze the transformation within neoliberal economics to show the determination of markets as information processors, and organisms of self-development. By identifying the natural logic of the market’s immanent self-determination, this paper demonstrates the way in which social relations and institutions of coercion are legitimated through their appearance as natural necessity. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Architecture and Culture Taylor & Francis

Economics as Natural-History: Adorno and the Critique of Neoliberalism

Architecture and Culture , Volume 5 (2): 10 – May 4, 2017

Economics as Natural-History: Adorno and the Critique of Neoliberalism

Architecture and Culture , Volume 5 (2): 10 – May 4, 2017

Abstract

AbstractThis paper develops an analysis of neoliberal economics through Adorno’s concept of natural-history (Naturgeschichte), in order to articulate the formation of what I define as neoliberal “second nature.” Through engagements with economic history, I demonstrate how the neoclassical, and neoliberal economic traditions have naturalized the concept of the free market in their relevant notions of value, information, and competition. Through engagements with Hayek’s critique of socialist calculation and the emergence of information sciences, I analyze the transformation within neoliberal economics to show the determination of markets as information processors, and organisms of self-development. By identifying the natural logic of the market’s immanent self-determination, this paper demonstrates the way in which social relations and institutions of coercion are legitimated through their appearance as natural necessity.

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References (21)

Publisher
Taylor & Francis
Copyright
© 2017 Informa UK Limited, trading as Taylor & Francis Group
ISSN
2050-7836
eISSN
2050-7828
DOI
10.1080/20507828.2017.1325277
Publisher site
See Article on Publisher Site

Abstract

AbstractThis paper develops an analysis of neoliberal economics through Adorno’s concept of natural-history (Naturgeschichte), in order to articulate the formation of what I define as neoliberal “second nature.” Through engagements with economic history, I demonstrate how the neoclassical, and neoliberal economic traditions have naturalized the concept of the free market in their relevant notions of value, information, and competition. Through engagements with Hayek’s critique of socialist calculation and the emergence of information sciences, I analyze the transformation within neoliberal economics to show the determination of markets as information processors, and organisms of self-development. By identifying the natural logic of the market’s immanent self-determination, this paper demonstrates the way in which social relations and institutions of coercion are legitimated through their appearance as natural necessity.

Journal

Architecture and CultureTaylor & Francis

Published: May 4, 2017

Keywords: economics; neoliberalism; Adorno; natural-history; free markets; competition

There are no references for this article.