Ordoliberalism

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.[1]

Ordoliberal ideals became the foundation of the creation of the post-World War II German social market economy without a welfare state and its attendant Wirtschaftswunder.

The term "ordoliberalism" (German: Ordoliberalismus) was coined in 1950 by Hero Moeller, and refers to the academic journal ORDO.[2]