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
Social market economy
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The social market economy, also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model and ideology combining a free-market capitalist eco
Ordoliberalism
…market produces results close to its theoretical potential. Ordoliberal ideals became the foundation of the creation of the post-World War II German social market economy and its attendant Wirtschaftswunder. The term "ordoliberalism" (German: Ordoliberalismus) was coined in 1950 by Hero Moeller and refers to the academic…
Konrad Adenauer, a proponent of the social market economy