Freiburg schoolThe Freiburg school (German: Freiburger Schule) is a school of economic thought founded in the 1930s at the University of Freiburg. The Freiburg School is closely associated with German economists and legal scholars such as Walter Eucken, Franz Böhm, and Hans Großmann-Doerth.
Social market economyThe social market economy (SOME; German: soziale Marktwirtschaft, German pronunciation:), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model and ideology combining a free-market capitalist economic system with social policies and enough regulation to establish both fair competition within the market and generally a welfare state. It is sometimes classified as a regulated market economy.
Alexander RüstowAlexander Rüstow (8 April 1885 – 30 June 1963) was a German sociologist and economist. At the Colloque Walter Lippmann in August 1938 he popularised the term "neoliberalism". He became one of the fathers of the "Social Market Economy" that shaped the economy of West Germany after World War II. Rüstow was the grandnephew of Wilhelm Rüstow, the grandson of Cäsar Rüstow and the father of Dankwart Rustow.
Walter EuckenWalter Eucken (German: [ˈɔʏkn̩]; 17 January 1891 – 20 March 1950) was a German economist of the Freiburg school and father of ordoliberalism. Ordoliberalism was based on the concept of social market economy balancing free markets with regulatory oversight. The Walter Eucken Institut was founded four years after his death and his ideas influenced West Germany’s economic policy.
Franz BöhmFranz Böhm (16 February 1895 – 26 September 1977) was a German politician, lawyer, and economist. Early lifeFranz Böhm was born on 16 February 1895 in Konstanz. He moved along with his family in 1898 to Karlsruhe as his father was appointed the Minister of Cultural Affairs for the Grand Duke of Baden.
WirtschaftswunderThe Volkswagen Beetle was an icon of post-war West German reconstruction. The pictured example is a one-off version manufactured to celebrate the production of a million cars of the type.The Wirtschaftswunder (German:, lit. 'economic miracle'), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression was first used to refer to this phenomenon by The Times in 1950.
Free marketForm of market-based economyIn economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority.
Economic liberalismEconomic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century.
Wilhelm RöpkeWilhelm Röpke (German: [ˈvɪlˌhɛlm ˈʁœpkə]; 10 October 1899 – 12 February 1966) was a German economist and social critic, one of the spiritual fathers of the social market economy.
GermanyCountry in EuropeGermany, officially the Federal Republic of Germany, is a country in Western and Central Europe. It lies between the Baltic Sea and the North Sea to the north with the Alps to the south. Its 16 constituent states have a total population of over 83 million, making it the most populous member state of the European Union (EU).German languageGerman (Deutsch, pronounced [dɔɪ̯tʃ] ) is a West Germanic language in the Indo-European language family, mainly spoken in Western and Central Europe. It is the majority and official (or co-official) language in Germany, Austria, Switzerland, and Liechtenstein. It is also an official language of Luxembourg, Belgium and the Italian autonomous province of South Tyrol, French autonomous region of Alsace and as well as a recognised national language in Namibia.
ORDOORDO, short for The Yearbook of Economic and Social Order (German: Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft) and often referred to as the Ordo Yearbook, is a peer-reviewedacademic journal established in 1948 by German economists Walter Eucken and Franz Böhm. The journal focuses on the economic and political institutions governing modern society. HistoryThe term ordoliberalism was coined echoing the journal's title.
World War IIGlobal conflict from 1939 to 1945BelligerentsAlliesAxisCommanders and leadersMain Allied leaders: Joseph StalinFranklin D. RooseveltWinston ChurchillChiang Kai-shekMain Axis leaders: Adolf HitlerHirohitoBenito MussoliniCasualties and losses 60–75 million deaths (military and civilian) World War II, or the Second World War (1 September 1939 – 2 September 1945), was a global conflict between two coalitions: the Allies and the Axis powers.
ordoliberalismRelated word or term.ordoliberalRelated word or term.
Social market economyThe social market economy (SOME; German: soziale Marktwirtschaft, German pronunciation:), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model and ideology combining a free-market capitalist economic system with social policies and enough regulation to establish both fair competition within the market and generally a welfare state. It is sometimes classified as a regulated market economy.Alexander RüstowAlexander Rüstow (8 April 1885 – 30 June 1963) was a German sociologist and economist. At the Colloque Walter Lippmann in August 1938 he popularised the term "neoliberalism". He became one of the fathers of the "Social Market Economy" that shaped the economy of West Germany after World War II. Rüstow was the grandnephew of Wilhelm Rüstow, the grandson of Cäsar Rüstow and the father of Dankwart Rustow.Walter EuckenWalter Eucken (German: [ˈɔʏkn̩]; 17 January 1891 – 20 March 1950) was a German economist of the Freiburg school and father of ordoliberalism. Ordoliberalism was based on the concept of social market economy balancing free markets with regulatory oversight. The Walter Eucken Institut was founded four years after his death and his ideas influenced West Germany’s economic policy.Franz BöhmFranz Böhm (16 February 1895 – 26 September 1977) was a German politician, lawyer, and economist. Early lifeFranz Böhm was born on 16 February 1895 in Konstanz. He moved along with his family in 1898 to Karlsruhe as his father was appointed the Minister of Cultural Affairs for the Grand Duke of Baden.WirtschaftswunderThe Volkswagen Beetle was an icon of post-war West German reconstruction. The pictured example is a one-off version manufactured to celebrate the production of a million cars of the type.The Wirtschaftswunder (German:, lit. 'economic miracle'), also known as the Miracle on the Rhine, was the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The expression was first used to refer to this phenomenon by The Times in 1950.Free marketForm of market-based economyIn economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority.Economic liberalismEconomic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century.Wilhelm RöpkeWilhelm Röpke (German: [ˈvɪlˌhɛlm ˈʁœpkə]; 10 October 1899 – 12 February 1966) was a German economist and social critic, one of the spiritual fathers of the social market economy.GermanyCountry in EuropeGermany, officially the Federal Republic of Germany, is a country in Western and Central Europe. It lies between the Baltic Sea and the North Sea to the north with the Alps to the south. Its 16 constituent states have a total population of over 83 million, making it the most populous member state of the European Union (EU).German languageGerman (Deutsch, pronounced [dɔɪ̯tʃ] ) is a West Germanic language in the Indo-European language family, mainly spoken in Western and Central Europe. It is the majority and official (or co-official) language in Germany, Austria, Switzerland, and Liechtenstein. It is also an official language of Luxembourg, Belgium and the Italian autonomous province of South Tyrol, French autonomous region of Alsace and as well as a recognised national language in Namibia.ORDOORDO, short for The Yearbook of Economic and Social Order (German: Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft) and often referred to as the Ordo Yearbook, is a peer-reviewedacademic journal established in 1948 by German economists Walter Eucken and Franz Böhm. The journal focuses on the economic and political institutions governing modern society. HistoryThe term ordoliberalism was coined echoing the journal's title.World War IIGlobal conflict from 1939 to 1945BelligerentsAlliesAxisCommanders and leadersMain Allied leaders: Joseph StalinFranklin D. RooseveltWinston ChurchillChiang Kai-shekMain Axis leaders: Adolf HitlerHirohitoBenito MussoliniCasualties and losses 60–75 million deaths (military and civilian) World War II, or the Second World War (1 September 1939 – 2 September 1945), was a global conflict between two coalitions: the Allies and the Axis powers.ordoliberalismRelated word or term.ordoliberalRelated word or term.*As an Amazon Associate I earn from qualifying purchases.