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Ordoliberalismus a sociální tržní hospodářství
[Ordoliberalism and social market economy]

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  • Tomáš Krabec

Abstract

Freiburg school of ordoliberalism contributions to the modern economic thinking and some of its implications for post-war economic and social policy in West Germany are discussed in this paper. After explaining some elementary terms there is a short excursion in the economic history and external conditions. Part four discusses the importance of competition for both a dynamic and stabile economic growth performance and long-lasting balance in society, followed by a description of the basic premises of the competitive order - the constitutive principles and the regulatory principles preserving the competition and balance in long-run period. The role of state, science and the churches in creating and influencing both the order of economy and society is the theme of part five. Social market economy arising from the ordoliberal theoretical conception is discussed in part six.

Suggested Citation

  • Tomáš Krabec, 2003. "Ordoliberalismus a sociální tržní hospodářství [Ordoliberalism and social market economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2003(6), pages 881-899.
    • Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:6:id:444
    DOI: 10.18267/j.polek.444
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    References listed on IDEAS

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    1. Hayek, F. A., 1996. "Individualism and Economic Order," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320939, December.
    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
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    More about this item

    Keywords

    competition; social market economy; ordoliberalism; economic order; regulative policy;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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