Ordoliberalismus

In the Ordoliberalismus the state is to create and try a legal framework for the economy, the free market order, particularly the competition to receive with “”means conforming to market trends. The Ordoliberalismus is an important variant of the Neoliberalismus.

History

The idea of the Ordoliberalismus emerged for the first time in that 1937 of the Freiburger school (walter Eucken, Franz Hans Grossmann Doerth) brought out booklet order of the economy. She was stated 1939 to a conference in Geneva and is then called since then also” third way “(between budgetism and/or planned economy on and the laissez-faire liberalism on the other side).

Beside the calling applies also William Alexander Leonhard Miksch, Alfred Mueller Armack, Erwin of Beckerath among other things as the Ordoliberalismus intimate. Friedrich Hayek, actually representatives of the Austrian school, gave likewise important impulses and took over turned around suggestions. Also the first Federal Minister for Economic Affairs Ludwig Erhard is considered as a representative ordoliberaler Ideen.Der Ordoliberalismus served in the Federal Republic of Germany apart from the Christian social teachings of the CDU as basis for the social free-market economy.

Since the school pursued a liberal economic policy after the devastating Second World War and the budgetistic decade of the 30’s again, one calls this “new “liberalism also Neoliberalismus. In addition, both designations point on the demarcation to the classical laissez-faire liberalism.

In Germany today in particular the Freiburger walter Eucken Institut is concerned with research to the Ordoliberalismus.

Principles

The distinction between the organization of the basic order and the restaurant process is central. The Ordoliberalismus sees the basis for functioning competition to the Ordo, in a politically set basic order, from which the state can keep out then in the further to a large extent and is. The priority organization criterion for a good basic order is thereby the expedientness of the free-market economy for except-economic criteria, which is to be given by the set framework. In particular the Cologne school around Alfred Mueller Armack insisted on the fact that “the economy had to place itself as a maid of the humanity “into the service of over-economical things and values like the human and the cultural. In the practical consequence it applies to secure by political basic conditions a functioning and for all humans useful competition.

As reason for the necessity for a basic order the Ordoliberalismus sees the tendency one completely to liberals of market to dissolve. Offerers unite, form trusts and price-fixing arrangments and can so the market dictate (Vermachtung of the market). Damage competition can attain the predominance in relation to competition. The task of the state is it therefore to develop an order framework which consists particularly of trust and competition laws, transparency of the market and free Marktzugang promotes as well as for price level stability to provide is. The social thought and the principle of efficiency, the order for order and the decentralizedism are to be so with one another. The goal of the Ordoliberalismus is thereby not a radical Deregulierung, but a De-monopolizing. Market failure is in the ordoliberalen starting point everywhere possible, where one missed, in time the correct Ordo to establish – for instance during a missing payment appointment for the using use of common goods like the environment (see also common land problem), or in insufficient measures against the Kartellbildung. The German restrictive trade practice act contradicts for example principles in as much ordoliberalen as it permits politicians to waive fusion prohibitions of the office for trust.

There the ideal conception of the complete competition (Polypol) according to the Ordoliberalismus on supply and demand demand is not possible, it replaced by the conception of the functional competition. This calculates also that in a dynamic economy innovative entrepreneurs can win first also substantial market advantages by innovations. Market unequal weights can be taken around such innovations sake in purchase, in expectation that they are diminished by further competition. The emergence of sturdy oligopolies or monopolies is to be prevented by the ordoliberale framework legislation; to the controlled, gradual dismantling of monopolies, which resulted from earlier order-political errors, adjustment authorities must be installed.

See also

  • Christian social teachings
  • Neoliberalismus
  • Chicagoer school
  • Restaurant economics
  • Oswald of Nell Breuning

Literature

  • E. tungsten dry: Nature and goals of the Ordo liberalism, 1954
  • Claus Noppeney: Between Chicago school and Ordoliberalismus, 1998
  • Milene way man: In former times Neoliberalismus and European integration, 2000 ISBN 3-7890-7829-8
  • Andrea M. Schneider: Aspects of order in the political economy, 2004 ISBN 3-258-06777-5