Ordoliberalism
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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.
Ludwig Erhard (right) with Konrad Adenauer in 1956, while Erhard was Minister of Economics
Neoliberalism
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Neoliberalism is a political and economic ideology that advocates for free-market capitalism, and that became dominant in policy-making from the late 20th century onward. The term has multiple, compet
Ordoliberalism
…separate themselves from classical liberals. Notably, Walter Eucken, with Franz Böhm, founder of ordoliberalism and the Freiburg School, rejected neoliberalism. Ordoliberals promote the concept of the social market economy, which favors a strong role for the state with respect to the market and which is in…
Friedrich Hayek
Ronald Reagan (left) and Margaret Thatcher (right) were responsible for the popularisation of Neoliberalism.
Ludwig Erhard
Pamphlet calling for a protest of economic policy in 1983 following the economic crisis