Table of Contents
What does the term liberalism means?
Liberalism is a political and moral philosophy based on liberty, consent of the governed and equality before the law. While the British liberal tradition has emphasized expanding democracy, French liberalism has emphasized rejecting authoritarianism and is linked to nation-building.
What is Ordoliberalism in economics?
Ordoliberalism is the German variant of economic liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential. The term “ordoliberalism” (German: Ordoliberalismus) was coined in 1950 by Hero Moeller, and refers to the academic journal ORDO.
Who founded Ordoliberalism?
Development. The theory was developed from about 1930 to 1950 by German economists and legal scholars from the Freiburg School, such as Walter Eucken, Franz Böhm, Hans Grossmann-Doerth, and Leonhard Miksch. Ordoliberal ideals (with modifications) drove the creation of the post-World War II German social market economy.
What is the social market economy in Germany?
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair …
What is liberalism in politics?
See Article History Liberalism, political doctrine that takes protecting and enhancing the freedom of the individual to be the central problem of politics. Liberals typically believe that government is necessary to protect individuals from being harmed by others, but they also recognize that government itself can pose a threat to liberty.
Is liberalism the norm in the west?
Liberalism had been seen as the “norm” in many countries until recently. The FT has described liberalism as “the dominant Western ideology since the end of the Second World War”.
What is the historical development of liberalism?
The historical development of liberalism over recent centuries has been a movement from mistrust of the state’s power on the ground that it tends to be misused, to a willingness to use the power of government to correct perceived inequities in the distribution of wealth resulting from economic competition—inequities…
What are the main obstacles to liberalism?
Such obstacles include poverty, disease, discrimination, and ignorance. The disagreement among liberals over whether government should promote individual freedom rather than merely protect it is reflected to some extent in the different prevailing conceptions of liberalism in the United States and Europe since the late 20th century.