Liberalism, Neoliberalism and Ordoliberalism Cover Image

Liberalizm, neoliberalizm i ordoliberalizm
Liberalism, Neoliberalism and Ordoliberalism

Author(s): Elżbieta Mączyńska, Piotr Pysz
Subject(s): Economic history, History of ideas, Political history, Economic policy, Government/Political systems
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: liberalism; neoliberalism; ordoliberalism;

Summary/Abstract: The key to distinguishing between classical liberalism, neoliberalism, and ordoliberalism is their attitude to the freedom of the individual. In 1938, Walter Lippmann put forth the thesis that the main cause underlying all failures of liberal thought was its focus on expanding the scope of the individual freedom in the market. This was accompanied by a lack of understanding of the need to develop an economic system under which the freedom of the individual would serve not only a select few, but would also promote the interests of the majority of society. Eighty years later this criticism goes to the crux of the contemporary dilemmas of liberal thought, as the neoliberal doctrine is driven by “freedom without order.” To overcome the ongoing global economic crisis, characterized by disorder, chaos, and anarchy, it is imperative to guide economic policy towards thinking “in terms of order” (Max Weber). And such an approach is offered by ordoliberal thought, which is concerned with the issue of economic order. Its leading idea, which is critical for today’s world, is “freedom within order”.

  • Issue Year: 2014
  • Issue No: 2
  • Page Range: 221-247
  • Page Count: 27
  • Language: Polish
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