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Ordoliberalism is the German variant of economic liberalism that emphasizes the need for government to ensure that the free market produces results close to its theoretical potential but does not advocate for a welfare state and did not advocate against one either.[1]
Ordoliberal ideals became the foundation of the creation of the post-World War II German social market economy and its attendant Wirtschaftswunder. The term "ordoliberalism" (German: Ordoliberalismus) was coined in 1950 by Hero Moeller and refers to the academic journal ORDO.[2]
- ^ Ptak, Ralf (2009). "Neoliberalism in Germany: Revisiting the Ordoliberal Foundations of the Social Market Economy". In Mirowski, Philip; Plehwe, Dieter (eds.). The Road From Mont Pèlerin: The Making of The Neoliberal Thought Collective. Cambridge, MA.: Harvard University Press. pp. 124–25. ISBN 978-0-674-03318-4.
- ^ Ptak, Ralf (2004). Vom Ordoliberalismus zur Sozialen Marktwirtschaft: Stationen des Neoliberalismus in Deutschland (in German). VS Verlag. p. 23. ISBN 978-3-8100-4111-1.