ordoliberalism

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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

Noun

ordoliberalism (uncountable)

  1. (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

Translations

References

  1. ^ Hero Moeller (1950) “Liberalismus”, in Jahrbücher für Nationalökonomie und Statistik [Yearbooks for National Economics and Statistics], volume 162, number 3, Jena, Thuringia: Mauke, →ISSN, →JSTOR, →OCLC, pages 214–238.
  2. ^ Andreas Kluth (2018 January 31) “Ordoliberalism and the alleged aberration of German economics”, in Handelsblatt‎, Düsseldorf, North Rhine-Westphalia: Handelsblatt Media Group, →ISSN, →OCLC, archived from the original on 13 February 2022: “The goal of the Ordoliberals was to create a constitutional order (ordo, in Latin) that would guarantee economic freedom (hence ‘liberal’).”

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