ordoliberalism

English

Etymology

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] while Liberalismus is from French libéralisme (ultimately from Latin līber (“free, independent, unchecked, unrestricted”), from Proto-Indo-European *h₁lewdʰ- (“to grow; people”)) + -ismus (“suffix forming the names of schools of thought, systems, or theories”).

Pronunciation

(Received Pronunciation) IPA^(key): /ˌɔːdəʊˈlɪbɹəlɪz(ə)m/, /-bəɹəl/
(General American) IPA^(key): /ˌɔɹdoʊˈlɪbəɹəlɪzəm/, /-də-/, /-bɹəl/
Audio (GA) (file)
Hyphenation: or‧do‧lib‧er‧al‧ism

Noun

ordoliberalism (uncountable)

(economics, politics) A political philosophy that emphasizes the desirability of the government establishing rules to maximize the potential of the free market to produce results.

Derived terms

ordoliberal

Translations

political philosophy

Czech: ordoliberalismus
Danish: ordoliberalisme
Dutch: ordoliberalisme
Estonian: ordoliberalism
Finnish: ordoliberalismi
French: ordolibéralisme (fr) m
Galician: ordoliberalismo m
German: Ordoliberalismus (de) m
Italian: ordoliberalismo m
Japanese: オルド自由主義 (オルドじゆうしゅぎ, orudojiyūshugi)
Korean: 질서자유주의 (jilseojayujuui)
Norwegian:
Bokmål: ordoliberalisme
Polish: ordoliberalizm
Portuguese: ordoliberalismo m
Russian: западногерманский неолиберализм (zapadnogermanskij neoliberalizm)
Slovak: ordoliberalizmus
Spanish: ordoliberalismo
Swedish: ordoliberalism
Turkish: ordoliberalizm
Ukrainian: ордолібералі́зм (ordoliberalízm)

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’).”