Ordoliberals
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Ordoliberals
Ordoliberalism is the Germany, 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. Ordoliberal ideals became the foundation of the creation of the post-World War II German social market economy and its attendant . The term "ordoliberalism" (german: Ordoliberalismus) was coined in 1950 by Hero Moeller, and refers to the academic journal ''ORDO (journal), ORDO''. Linguistic differentiation Ordoliberals separate themselves from classical liberals. Notably , with , founder of ordoliberalism and the Freiburg School, rejected neoliberalism. Ordoliberals promoted the concept of the social market economy, and this concept promotes a strong role for the state with respect to the market, which is in many ways different from the ideas connected to the term neoliberalism. Ironically, the term neoliberalism was originally coined in 1938, ...
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Neoliberalism
Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate. As an economic philosophy, neoliberalism emerged among European liberal scholars in the 1930s as they attempted to revive and renew central ideas from classical liberalism as they saw these ideas diminish ...
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Social Market Economy
The social market economy (SOME; german: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and a welfare state. It is sometimes classified as a regulated market economy. The social market economy was originally promoted and implemented in West Germany by the Christian Democratic Union of Germany under Chancellor Konrad Adenauer in 1949, and today the term is used by ordoliberals, social liberals, and social democrats, who generally reject full state ownership of the means of production but support egalitarian distribution of all goods and services in a market segment. Its origins can be traced to the interwar Freiburg school of economic thought. The social market economy was designed to be a middle way between ''laissez-faire'' f ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Varieties Of Capitalism
''Varieties of Capitalism: The Institutional Foundations of Comparative Advantage'' is a 2001 book on economics, political economy, and comparative politics edited by political economists Peter A. Hall and David Soskice. Contents ''Varieties of Capitalism'' includes an introductory chapter by Hall and Soskice, as well as further chapters by Kathleen Thelen, Robert J. Franzese, Jr., Margarita Estevez‐Abe, Torben Iversen, Soskice, Isabela Mares, Orfeo Fioretos, Stewart Wood, Pepper D. Culpepper, Robert C. Hancké, Sigurt Vitols, Mark Lehrer, Steven Casper, Gunther Teubner, and Jay Tate. In their introductory chapter, "An Introduction to Varieties of Capitalism", Hall and Soskice set out two distinct types of market economy that implement capitalism: liberal market economies (LME) (e.g. US, UK, Canada, Australia, New Zealand, Ireland) and coordinated market economies (CME) (e.g. Germany, Japan, Sweden, Austria). Those two types can be distinguished by the primary way in wh ...
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West Germany
West Germany is the colloquial term used to indicate the Federal Republic of Germany (FRG; german: Bundesrepublik Deutschland , BRD) between its formation on 23 May 1949 and the German reunification through the accession of East Germany on 3 October 1990. During the Cold War, the western portion of Germany and the associated territory of West Berlin were parts of the Western Bloc. West Germany was formed as a political entity during the Allied occupation of Germany after World War II, established from eleven states formed in the three Allied zones of occupation held by the United States, the United Kingdom, and France. The FRG's provisional capital was the city of Bonn, and the Cold War era country is retrospectively designated as the Bonn Republic. At the onset of the Cold War, Europe was divided between the Western and Eastern blocs. Germany was divided into the two countries. Initially, West Germany claimed an exclusive mandate for all of Germany, representing itself as t ...
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Bundesarchiv B 145 Bild-F004214-0033, Konrad Adenauer Und Ludwig Erhard
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Stiftung Ordnungspolitik
Stiftung Ordnungspolitik () is a nonprofit organization dealing with the ordoliberal tradition of the Freiburg school of economics. It strives to maintain and further develop ordo-economics based on the ideas of Walter Eucken and Friedrich August von Hayek. The foundation drafts practical policy options on the basis of the continued academic development of ordo-economics and promotes public awareness for the meaning of ordoliberal thinking. To this end, it regularly invites politicians, scientists and economists such as, for instance, Angela Merkel,Background Talks
Website of the Stiftung Ordnungspolitik.
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Walter Eucken Institut
The Walter Eucken Institut is a German ordo-liberal economic think tank based in Freiburg im Breisgau, Baden-Württemberg, Germany. The Institute was founded in 1954, four years after the death of economist Walter Eucken, by a number of his friends and pupils. The Institute's creation was supported by Ludwig Erhard, then Secretary of Economic Affairs and later Chancellor of West Germany. Honorary Presidents have included Nobel laureates Friedrich Hayek and James M. Buchanan. Since September 2010, the institute is directed by Lars Feld. The Walter Eucken Institute's research interest is constitutional and institutional questions in economics and social sciences, including preserving and developing a free market order, classical liberal ideas and their institutional realisation, and the economic constitution of the European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union h ...
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University Of Freiburg
The University of Freiburg (colloquially german: Uni Freiburg), officially the Albert Ludwig University of Freiburg (german: Albert-Ludwigs-Universität Freiburg), is a public university, public research university located in Freiburg im Breisgau, Baden-Württemberg, Germany. The university was founded in 1457 by the House of Habsburg, Habsburg dynasty as the second university in Austrians, Austrian-Habsburg territory after the University of Vienna. Today, Freiburg is the List of universities in Germany#Universities by date of establishment, fifth-oldest university in Germany, with a long tradition of teaching the humanities, social sciences and natural sciences and technology and enjoys a high academic reputation both nationally and internationally. The university is made up of 11 faculty (division), faculties and attracts students from across Germany as well as from over 120 other countries. Foreign students constitute about 18.2% of total student numbers. The University of Fr ...
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Springer Gabler
Springer Gabler (formerly Gabler Verlag) is a German publishing house in the fields of economy. It was founded in Wiesbaden in 1929 as ''Betriebswirtschaftlicher Verlag Doktor Theodor Gabler''. The program is focussed on management, marketing and sales, financial services, controlling and taxes. Today's Springer Gabler is a result of a merger between Gabler Verlag and Springer-Verlag. It belongs to Springer Science+Business Media Springer Science+Business Media, commonly known as Springer, is a German multinational publishing company of books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing. Originally founded in 1842 in .... External links Website of Springer Gabler References {{Authority control Publishing companies of Germany Publishing companies established in the 1920s Springer Science+Business Media ...
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Corporatism
Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin ''corpus'', or "body". As originally conceived, and as enacted in fascist states in mid-20th century Europe, corporatism was meant to be an alternative to both free market economies and socialist economies. The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory. Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance; instead, the correct term for thi ...
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Competition Law
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law. The history of competition law reaches back to the Roman Empire. The business practices of market traders, guilds and governments have always been subject to scrutiny, and sometimes severe sanctions. Since the 20th century, competition law has become global. The two largest and most influential systems of competition regulation are United States antitrust law and European Union competition law. National and regional competition authorities across the world have formed international support and enforcement networks. Modern competition law has historically evolved on a national level to promote and maintain fair competition in markets principally within the territorial boun ...
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