Ordo-Liberalism: Difference between revisions
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==History== |
==History== |
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===Foundation=== |
===Foundation=== |
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Ordoliberalism arose in 1930's [[File:Cball-Germany.png]] Germany as a rejection of [[File:Clib.png]] [[Classical Liberalism|laissez-faire economics]], [[File:Regulationism.png]] [[Regulationism|excessive interventionism]] and most of all, [[File: |
Ordoliberalism arose in 1930's [[File:Cball-Germany.png]] Germany as a rejection of [[File:Clib.png]] [[Classical Liberalism|laissez-faire economics]], [[File:Regulationism.png]] [[Regulationism|excessive interventionism]] and most of all, [[File: Central.png|central planning]]. which [[File:GermNeoLib.png]] [[Neoliberalism|Walter Eucken]], who was additionally a very early critic of the Nazi regime, fiercely criticized. It served as a foundation of much of the post-war German economic system and is usually credited with the post-war economic miracle. It believes that the role in the economy of the state is to assure that free markets give the theoretical results they are supposed to give; that the role of the state is to make sure markets are not monopolized or cartelized since that's what is in the way of markets stagnating. |
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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 of [[File:Neoliberal-icon.png]] [[Neoliberalism]]. Oddly the term "Neoliberalism" was first coined in 1938 by [[File:Social Neoliberalism.png]] [[Neoliberalism|Alexander Rüstow]], who is regarded an Ordoliberal today. This is because at the start of the 20th century any kind of political Liberalism was seen badly, so when ordo-liberalism became popular it was regarded as "Neoliberalism" or "New Liberalism." |
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 of [[File:Neoliberal-icon.png]] [[Neoliberalism]]. Oddly the term "Neoliberalism" was first coined in 1938 by [[File:Social Neoliberalism.png]] [[Neoliberalism|Alexander Rüstow]], who is regarded an Ordoliberal today. This is because at the start of the 20th century any kind of political Liberalism was seen badly, so when ordo-liberalism became popular it was regarded as "Neoliberalism" or "New Liberalism." |