ordoliberal
English
WOTD – 26 September 2022
Etymology
Probably a back-formation from ordoliberalism, borrowed from German Ordoliberalismus (coined in 1950 by the German economist Hero Moeller (1892–1974)), from ORDO (the name of a journal, the full title of which is ORDO — Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft (ORDO – Yearbook of Economic and Social Order)) + Liberalismus (“liberalism”).[1] ORDO is derived from Latin ōrdō (“methodical arrangement, order, or series”), probably ultimately from Proto-Indo-European *h₂er- (“to fit, put together; to fix”).[2]
Pronunciation
- (Received Pronunciation) IPA(key): /ˌɔːdəʊˈlɪbɹəl/, /-bəɹəl/
- (General American) IPA(key): /ˌɔɹdoʊˈlɪbəɹəl/, /-də-/, /-bɹəl/
Audio (GA) (file) - Rhymes: (Received Pronunciation) -ɪbɹəl
- Hyphenation: or‧do‧lib‧er‧al
Noun
ordoliberal (plural ordoliberals)
- (economics, politics) A proponent of the theories and ideals of ordoliberalism (“a political philosophy that emphasizes the desirability of the government establishing rules to maximize the potential of the free market to produce results”).
- 2017 November, Thorsten Beck; Hans-Helmut Kotz, “Introduction”, in Thorsten Beck and Hans-Helmut Kotz, editors, Ordoliberalism: A German Oddity? (A VoxEU.org eBook), London: CEPR Press, →ISBN, archived from the original on 31 May 2020, page 15:
- [W]hile ordoliberals share strong policy preferences (in some cases "elevated to the status of a religion"), they rest their case on rigorous micro analysis and stress the pertinence of a long-term orientation.
-
Translations
proponent of the theory and ideals of ordoliberalism
|
Adjective
ordoliberal (comparative more ordoliberal, superlative most ordoliberal)
- (economics, politics) Of or relating to ordoliberalism.
- 2017 November, Thorsten Beck; Hans-Helmut Kotz, “Introduction”, in Thorsten Beck and Hans-Helmut Kotz, editors, Ordoliberalism: A German Oddity? (A VoxEU.org eBook), London: CEPR Press, →ISBN, archived from the original on 31 May 2020, page 14:
- The institutional design of EZ [the Eurozone], being influenced by the rules versus discretion debate, has some ordoliberal touches (not the least since some German architects were imbued with ordoliberal ideas), but, of course, in reality, in particular in the wake of the crisis, they were not upheld.
-
Translations
of or relating to ordoliberalism
|
References
- Hero Moeller (1950), “Liberalismus”, in Jahrbücher für Nationalökonomie und Statistik [Yearbooks for National Economics and Statistics], volume 162, issue 3, Jena, Thuringia: Mauke, ISSN 0021-4027, JSTOR 23818624, OCLC 614822394, pages 214–238.
- Andreas Kluth (31 January 2018), “Ordoliberalism and the alleged aberration of German economics”, in Handelsblatt, Düsseldorf, North Rhine-Westphalia: Handelsblatt Media Group, ISSN 0017-7296, OCLC 231021073, archived from the original on 2022-02-13: “The goal of the Ordoliberals was to create a constitutional order (ordo, in Latin) that would guarantee economic freedom (hence ‘liberal’).”
Further reading
ordoliberalism on Wikipedia.Wikipedia