Neoliberalism vs. Ordoliberalism
Date Submitted: 01/04/2003 14:58:53
Category: / Law & Government / Government & Politics
Length: 6 pages (1599 words)
Category: / Law & Government / Government & Politics
Length: 6 pages (1599 words)
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…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.
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