diff --git a/include/boost/python/detail/config.hpp b/include/boost/python/detail/config.hpp
index 8dce9b742..e2ac82704 100644
--- a/include/boost/python/detail/config.hpp
+++ b/include/boost/python/detail/config.hpp
@@ -57,9 +57,15 @@
  ****************************************************************************/
 
 // backwards compatibility:
-#ifdef BOOST_PYTHON_STATIC_LIB
-#  define BOOST_PYTHON_STATIC_LINK
-# elif !defined(BOOST_PYTHON_DYNAMIC_LIB)
+#if defined(BOOST_PYTHON_STATIC_LINK) && !defined(BOOST_PYTHON_STATIC_LIB)
+#  define BOOST_PYTHON_STATIC_LIB
+#endif
+
+#if defined(BOOST_PYTHON_DYNAMIC_LINK) && !defined(BOOST_PYTHON_DYNAMIC_LIB)
+#  define BOOST_PYTHON_DYNAMIC_LIB
+#endif
+
+#if !defined(BOOST_PYTHON_STATIC_LIB) && !defined(BOOST_PYTHON_DYNAMIC_LIB)
 #  define BOOST_PYTHON_DYNAMIC_LIB
 #endif