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 (General American): (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 (fi)
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, number 3, Jena, Thuringia: Mauke, →ISSN, →JSTOR, →OCLC, pages 214–238.
^ Andreas Kluth (2018 January 31) “Ordoliberalism and the alleged aberration of German economics”, in Handelsblatt‎^[1], 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’).”