Neoliberalism vs. Ordoliberalism
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Words: 1599
Pages: 6
(approximately 235 words/page)
Pages: 6
(approximately 235 words/page)
Essay Database > Law & Government > Government & Politics
showed first 75 words of 1599 total
showed last 75 words of 1599 total
order and individual liberty. Individual political freedom was to be safeguarded by ensuring a liberal market order. A precondition to a functioning market order was the protection of key individual rights: rights to property, right to trade, liberty of contract, rules governing liability, etc. Ordoliberals arrived at a conclusion that the market structure is no longer suitable for perfect competition. If it is left alone, competition will destroy its own basics and consequently destroy itself.
order and individual liberty. Individual political freedom was to be safeguarded by ensuring a liberal market order. A precondition to a functioning market order was the protection of key individual rights: rights to property, right to trade, liberty of contract, rules governing liability, etc. Ordoliberals arrived at a conclusion that the market structure is no longer suitable for perfect competition. If it is left alone, competition will destroy its own basics and consequently destroy itself.