Ordoliberalism

Ordoliberalism is a German variant of economic liberalism that emphasizes a need for government to ensure that the free market produces resultsto its theoretical potential but does not advocate for a welfare state.

Ordoliberal ideals became the foundation of the introducing of the post-World War II German social market economy in addition to its attendant . The term "ordoliberalism" German: Ordoliberalismus was coined in 1950 by Hero Moeller, and pointed to the academic journal ORDO.