Social market economy
Videos
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
Konrad Adenauer, a proponent of the social market economy
Ordoliberalism
Videos
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.
Social market economy
…originally promoted and implemented in West Germany by the Christian Democratic Union under Chancellor Konrad Adenauer in 1949 and today it is used by ordoliberals, social liberals and social democrats. Its origins can be traced to the interwar Freiburg school of economic thought. The social market economy was…
Ludwig Erhard (right) with Konrad Adenauer in 1956, while Erhard was Minister of Economics