ORDO (journal)
Encyclopedia
ORDO — Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft (official English translation: The Ordo Yearbook of Economic and Social Order, most commonly referred to as Ordo Yearbook, or simply as ORDO) is a peer-reviewed
academic journal
created by German economists Walter Eucken
and Franz Böhm
in 1948. The periodical
focuses on the economic and political institution
s governing modern society.
was labelled echoing the journal’s title. Furthermore, the concept of social market economy
, being the main economic model
used in Western
and Northern Europe
during and after the Cold War
era, has been developed nearly exclusively within ORDO.
Today, the journal's mission is to provide a forum of debate for scholars of diverse disciplines
such as economics
, law
, political science
, sociology
, and philosophy
. ORDO is published annually and serves as a kind of signboard for (mostly German-speaking) European political and institutional economists
. Articles are published either in German or in English. Each volume of ORDO consists of approximately 450 pages. Average article length is about 10.000 words. ORDO also contains book reviews.
, Milton Friedman
, Friedrich Hayek
, Thomas C. Schelling
, and George J. Stigler
, as well as Peter Thomas Bauer
, Franz Böhm
, Victoria Curzon-Price
, Walter Eucken
, Otmar Issing
, Paul Kirchhof
, Roland Kirstein
, Israel Kirzner
, Frank H. Knight
, Irving Kristol
, Assar Lindbeck
, Ludwig Lachmann
, Giovanni Francesco Malagodi, Fritz Machlup
, Alfred Müller-Armack
, Karl R. Popper
, Wilhelm Röpke
, Alexander Rüstow
, Murray Rothbard
, Jacques Rueff
, and Heinrich Freiherr von Stackelberg
.
Peer review
Peer review is a process of self-regulation by a profession or a process of evaluation involving qualified individuals within the relevant field. Peer review methods are employed to maintain standards, improve performance and provide credibility...
academic journal
Academic journal
An academic journal is a peer-reviewed periodical in which scholarship relating to a particular academic discipline is published. Academic journals serve as forums for the introduction and presentation for scrutiny of new research, and the critique of existing research...
created by German economists Walter Eucken
Walter Eucken
Walter Eucken was a German economist and father of ordoliberalism. His name is closely linked with the development of the "social market economy".-Life:...
and Franz Böhm
Franz Böhm
Franz Böhm was a German politician, lawyer, and economist.-Early Life:Franz Böhm was born on 16 February 1895 in Konstanz...
in 1948. The periodical
Periodical publication
Periodical literature is a published work that appears in a new edition on a regular schedule. The most familiar examples are the newspaper, often published daily, or weekly; or the magazine, typically published weekly, monthly or as a quarterly...
focuses on the economic and political institution
Institution
An institution is any structure or mechanism of social order and cooperation governing the behavior of a set of individuals within a given human community...
s governing modern society.
History
The term ordoliberalismOrdoliberalism
Ordoliberalism is a school of liberalism that emphasised the need for the state to ensure that the free market produces results close to its theoretical potential . The theory was developed by German economists and legal scholars such as Walter Eucken, Franz Böhm, Hans Grossmann-Doerth and Leonhard...
was labelled echoing the journal’s title. Furthermore, the concept of social market economy
Social market economy
The social market economy is the main economic model used in West Germany after World War II. It is based on the economic philosophy of Ordoliberalism from the Freiburg School...
, being the main economic model
Economic system
An economic system is the combination of the various agencies, entities that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange along which goods, money etc. are continuously flowing. An example of such a system for a closed...
used in Western
Western Europe
Western Europe is a loose term for the collection of countries in the western most region of the European continents, though this definition is context-dependent and carries cultural and political connotations. One definition describes Western Europe as a geographic entity—the region lying in the...
and Northern Europe
Northern Europe
Northern Europe is the northern part or region of Europe. Northern Europe typically refers to the seven countries in the northern part of the European subcontinent which includes Denmark, Estonia, Latvia, Lithuania, Norway, Finland and Sweden...
during and after the Cold War
Cold War
The Cold War was the continuing state from roughly 1946 to 1991 of political conflict, military tension, proxy wars, and economic competition between the Communist World—primarily the Soviet Union and its satellite states and allies—and the powers of the Western world, primarily the United States...
era, has been developed nearly exclusively within ORDO.
Today, the journal's mission is to provide a forum of debate for scholars of diverse disciplines
Interdisciplinarity
Interdisciplinarity involves the combining of two or more academic fields into one single discipline. An interdisciplinary field crosses traditional boundaries between academic disciplines or schools of thought, as new needs and professions have emerged....
such as economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, law
Law
Law is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible. It shapes politics, economics and society in numerous ways and serves as a social mediator of relations between people. Contract law regulates everything from buying a bus...
, political science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
, sociology
Sociology
Sociology is the study of society. It is a social science—a term with which it is sometimes synonymous—which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity...
, and philosophy
Philosophy
Philosophy is the study of general and fundamental problems, such as those connected with existence, knowledge, values, reason, mind, and language. Philosophy is distinguished from other ways of addressing such problems by its critical, generally systematic approach and its reliance on rational...
. ORDO is published annually and serves as a kind of signboard for (mostly German-speaking) European political and institutional economists
Public choice theory
In economics, public choice theory is the use of modern economic tools to study problems that traditionally are in the province of political science...
. Articles are published either in German or in English. Each volume of ORDO consists of approximately 450 pages. Average article length is about 10.000 words. ORDO also contains book reviews.
Notable contributors
Notable contributors include Nobel laureates James M. BuchananJames M. Buchanan
James McGill Buchanan, Jr. is an American economist known for his work on public choice theory, for which he received the 1986 Nobel Memorial Prize in Economic Sciences. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy...
, Milton Friedman
Milton Friedman
Milton Friedman was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades...
, Friedrich Hayek
Friedrich Hayek
Friedrich August Hayek CH , born in Austria-Hungary as Friedrich August von Hayek, was an economist and philosopher best known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought...
, Thomas C. Schelling
Thomas Schelling
Thomas Crombie Schelling is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He is also co-faculty at the New England Complex Systems Institute...
, and George J. Stigler
George Stigler
George Joseph Stigler was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman....
, as well as Peter Thomas Bauer
Peter Thomas Bauer
Peter Thomas Bauer, Baron Bauer was a developmental economist. Bauer is best remembered for his opposition to the widely-held notion that the most effective manner to help developing countries advance is through state-controlled foreign aid.- Life :Bauer was born as Péter Tamás Bauer in Budapest,...
, Franz Böhm
Franz Böhm
Franz Böhm was a German politician, lawyer, and economist.-Early Life:Franz Böhm was born on 16 February 1895 in Konstanz...
, Victoria Curzon-Price
Victoria Curzon-Price
Victoria Curzon-Price was Professor of Economics at the University of Geneva and also at the European Institute . Her areas of interest include international trade, economic integration, institutional competition and political economy. Previously she was president of the Mont Pelerin Society...
, Walter Eucken
Walter Eucken
Walter Eucken was a German economist and father of ordoliberalism. His name is closely linked with the development of the "social market economy".-Life:...
, Otmar Issing
Otmar Issing
Otmar Issing is a German economist, presintent of the Center for Financial Studies and former member of the board of the Deutsche Bundesbank and of the Executive Board of the European Central Bank . He is advisor for Goldman Sachs...
, Paul Kirchhof
Paul Kirchhof
Paul Kirchhof is a German jurist and tax law expert. He is also a professor of law, member of the Pontifical Academy of Social Sciences and a former judge in the Federal Constitutional Court of Germany , the highest court in Germany.Kirchhof obtained a doctorate at the early age of 25 having...
, Roland Kirstein
Roland Kirstein
Roland Kirstein is a German economist and professor of Business Administration at the Otto-von-Guericke-University in Magdeburg, Germany.-Biography:...
, Israel Kirzner
Israel Kirzner
Israel Meir Kirzner is a leading economist in the Austrian School.-Early life:The son of a well-known rabbi and Talmudist, Kirzner was born in London, England and came to the United States via South Africa.-Education:After studying with the University of Cape Town, South Africa in 1947-48 and...
, Frank H. Knight
Frank Knight
Frank Hyneman Knight was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago school. Nobel laureates James M. Buchanan, Milton Friedman and George Stigler were all students of Knight at Chicago. Knight supervised...
, Irving Kristol
Irving Kristol
Irving Kristol was an American columnist, journalist, and writer who was dubbed the "godfather of neoconservatism"...
, Assar Lindbeck
Assar Lindbeck
Carl Assar Eugén Lindbeck is an economics professor and an artist. He is still an active economist at Stockholm University and at the ....
, Ludwig Lachmann
Ludwig Lachmann
Ludwig Lachmann was a German economist who became a member of and important contributor to the Austrian School.-Education and career:...
, Giovanni Francesco Malagodi, Fritz Machlup
Fritz Machlup
Fritz Machlup was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource....
, Alfred Müller-Armack
Alfred Müller-Armack
Alfred Müller-Armack was a German economist and politician.He was professor of economics at University of Münster and University of Cologne. Müller-Armack coined the term "social market economy" in 1946....
, Karl R. Popper
Karl Popper
Sir Karl Raimund Popper, CH FRS FBA was an Austro-British philosopher and a professor at the London School of Economics...
, Wilhelm Röpke
Wilhelm Röpke
Wilhelm Röpke was Professor of Economics, first in Jena, then in Graz, Marburg, Istanbul and finally in Geneva, and the main spiritual father of the German social market economy, theorising and collaborating to organise the post-World War II economic re-awakening of the then destroyed German...
, Alexander Rüstow
Alexander Rüstow
Alexander Rüstow was a German sociologist and economist. He originated the term neoliberalism meant as a synonym for Ordoliberalism but the term has undergone a change of meaning. He was one of the fathers of the "Social Market Economy" that shaped the economy of West-Germany after World War II...
, Murray Rothbard
Murray Rothbard
Murray Newton Rothbard was an American author and economist of the Austrian School who helped define capitalist libertarianism and popularized a form of free-market anarchism he termed "anarcho-capitalism." Rothbard wrote over twenty books and is considered a centrally important figure in the...
, Jacques Rueff
Jacques Rueff
Jacques Rueff was a French economist and adviser to the French Government.An influential French conservative and free market thinker, Rueff was born the son of a well known Parisian physician and studied economics and mathematics at the École Polytechnique...
, and Heinrich Freiherr von Stackelberg
Heinrich Freiherr von Stackelberg
Heinrich Freiherr von Stackelberg was a German economist who contributed to game theory and industrial organization and is known for the Stackelberg leadership model.-Biography:...
.