ORDOLIBERALISM current of economic thought that was born in Germany, in the decade of 1930-1940. It defends the social market economy. Ordoliberalism is a current of economic thought that is directly related to the Freiburg school. This current of thought does not advocate the intervention of the State, but it does bet on a minimum intervention that regulates situations of market failure, as well as other situations such as monopolies, among other phenomena.
