[Introduction ...] This paper tries to answer these questions taking five steps of argumentation. Firstly, the paper briefly sketches the theoretical and empirical background of the modern liberal market economy concept. Secondly, it outlines in more detail the basic ideas of the ordoliberal...

Whereas the debate about capitalism vs. socialism seems to have come to an end, the current discussion is more about which kind of market economy ensures a positive economic and social development in a country. The ongoing economic and financial crisis fueled this discussion about successful...