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Ordoliberalism and the social market economy

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  • Feld, Lars P.
  • Köhler, Ekkehard A.
  • Nientiedt, Daniel

Abstract

[Introduction] Contrary to its usage in current political discourse, the term neoliberalism originally referred to those schools of economic thought that opposed laissez-faire liberalism and wanted to assign a more active role to the state. Faced with the economic turmoil of the late 19th and early 20th century - including the poverty of the working class, concentrations of power in the hand of large corporations and multiple monetary and economic crises - neoliberals posited that the government should intervene in private markets in order to uphold competition. [...]

Suggested Citation

  • Feld, Lars P. & Köhler, Ekkehard A. & Nientiedt, Daniel, 2021. "Ordoliberalism and the social market economy," Freiburg Discussion Papers on Constitutional Economics 21/5, Walter Eucken Institut e.V..
    • Handle: RePEc:zbw:aluord:2105
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    References listed on IDEAS

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