ordoliberalism

English edit

Etymology edit

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 edit

(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 edit

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 edit

ordoliberal

Translations edit

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 edit

^ 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’).”