Ordo-Liberalism, clipped to Ordolib, is an economically center-right, statist, and culturally variable (but never beyond center-right) ideology which is the son of Error creating thumbnail: Unable to save thumbnail to destination Liberalism and Error creating thumbnail: Unable to save thumbnail to destination Social Capitalism. It can be defined as in-between the laissez-faire Capitalist Error creating thumbnail: Unable to save thumbnail to destination Classical Liberalism and Liberalism Error creating thumbnail: Unable to save thumbnail to destination.
History
Foundation
Ordoliberalism arose in 1930's Error creating thumbnail: Unable to save thumbnail to destination Germany as a rejection of Error creating thumbnail: Unable to save thumbnail to destination laissez-faire economics, Error creating thumbnail: Unable to save thumbnail to destination excessive interventionism and most of all, Error creating thumbnail: Unable to save thumbnail to destination Error creating thumbnail: Unable to save thumbnail to destination central planning, which 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.
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 Error creating thumbnail: Unable to save thumbnail to destination Neoliberalism. Oddly the term "Neoliberalism" was first coined in 1938 by 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 Ordoliberalism started becoming more popular it was regarded as Neoliberalism or New Liberalism.
Error creating thumbnail: Unable to save thumbnail to destination Relationship with Hayek
According to some economists, Friedrich August von Hayek played a fundamental role in the development of ordoliberalism, whereas some claim that he was an integral part of the movement itself. This claim could be made in respect to the close relationship between Hayek and the Freiburg School as well as both of their support for competition and free markets, along with the existence of basic government-provided services.
However, there also existed a large fraction of economists who saw a greater rift between "neoliberals" (nowadays called ordoliberals) and classical liberals (or "paleoliberals") such as Hayek, seeing the latter's views as antiquated. Some economists even saw his views as antagonistic towards true ordoliberalism. Hayek however viewed himself as the true successor and legacy to Eucken and his works respectively, though later on he would re-associate with the classical liberals instead. Nonetheless, a large portion of analysts saw Hayek as part of the Error creating thumbnail: Unable to save thumbnail to destination Austrian School of Economics from the very beginning, ultimately perceiving his goals as too laissez-faire and minarchistic.
Personality and Behaviour
Ordoliberalism will usually be portrayed as a Error creating thumbnail: Unable to save thumbnail to destination German and a bureaucrat. He likes order and likes to stop any "weird shenanigans".
How to Draw
Ordolib's design is usually shown as Error creating thumbnail: Unable to save thumbnail to destination Lib's design with the globe replaced with a police badge.
- Draw a ball
- Fill it blue
- In gold draw a shield with a flat surfaces in top-right and top-left corners and a spike at the top of the shield
- Within a shield draw in the shade of blue a circle
- Within the circle, draw a star
- Add the eyes, and you're done!
An alternate design exists where instead of the police badge, there's a Bundesadler.
| Color Name | HEX | RGB | |
|---|---|---|---|
| Blue | #005C95 | 0, 92, 149 | |
| Gold | #EFE9AB | 239, 233, 171 | |
Relationships
Friends
- Error creating thumbnail: Unable to save thumbnail to destination Liberalism - My based dad.
- Error creating thumbnail: Unable to save thumbnail to destination Classical Liberalism - My based grandpa, but Laissez-faire isn't a way to go.
- Error creating thumbnail: Unable to save thumbnail to destination Social Liberalism - My more progressive cousin. We largely share the same ideals, though.
- Error creating thumbnail: Unable to save thumbnail to destination Conservative Liberalism - My conservative cousin, he's also great.
- Error creating thumbnail: Unable to save thumbnail to destination Social Capitalism - Where I inherited my economic views.
- Error creating thumbnail: Unable to save thumbnail to destination Libertarianism - Good economics, but market intervention is necessary for a real free market.
- Error creating thumbnail: Unable to save thumbnail to destination Hayekism - He likes me but he always calls my other friends commies :(
- Error creating thumbnail: Unable to save thumbnail to destination Third Way - I like your style.
- Error creating thumbnail: Unable to save thumbnail to destination Liberaltarianism - Similar to above but libertarian.
- Error creating thumbnail: Unable to save thumbnail to destination Fiscal Conservatism - Fiscal responsibility is a must for any good government.
- Error creating thumbnail: Unable to save thumbnail to destination Christian Democracy - One of my favorite students.
Frenemies
- Error creating thumbnail: Unable to save thumbnail to destination Gaulandism - I appreciate that you like my economics and everything, but can you just chill?
- Error creating thumbnail: Unable to save thumbnail to destination Austrolibertarianism - Extreme laissez-faire isn't a good idea also central banks are necessary.
- Error creating thumbnail: Unable to save thumbnail to destination Social Democracy - The most tolerable leftist.
- Error creating thumbnail: Unable to save thumbnail to destination Social Corporatism - Same as above plus we work together sometimes.
- Error creating thumbnail: Unable to save thumbnail to destination Regulationism - We need a bit of you in order to make the market function properly, but I don't like price controls, minimum wages and high taxes.
- Error creating thumbnail: Unable to save thumbnail to destination Welfarism - Don't spend so much please.
- Error creating thumbnail: Unable to save thumbnail to destination Francoism - I just gave him some economic advice, that's about it.
Enemies
- Error creating thumbnail: Unable to save thumbnail to destination Marxism–Leninism - Haha, commie party go byebye. Stay in Error creating thumbnail: Unable to save thumbnail to destination East Germany where you belong!
- Error creating thumbnail: Unable to save thumbnail to destination Luxemburgism - Are you not just Error creating thumbnail: Unable to save thumbnail to destination Soviet communism again?
- Error creating thumbnail: Unable to save thumbnail to destination National Socialism - You ruined Germany!
- Error creating thumbnail: Unable to save thumbnail to destination Neoliberalism - YOU STOLE MY NAME!
Further Information
Literature
- Ordoliberalism, Law and the Rule of Economics (Preview)
- German Neo-liberals and the Social Market Economy (Preview)
- The Foundation of economics by Walter Eucken
- Freiburg Theses
Wikipedia
- Ordoliberalism
- ORDO
- Freiburg School
- Freiburg Circles
- Social Market Economy
- Wirtschaftswunder
- Walter Eucken
- Alfred Müller-Armack
- Alexander Rüstow
- Wilhelm Röpke
- Hans-Werner Sinn
- Franz Böhm
Articles
Videos
