The Freiburg School is a school of economic thought founded in the 1930s at the University of Freiburg.
It builds somewhat on the earlier Historical school of economics but stresses that only some forms of competition are good, while others may require oversight. This is considered a lawful and legitimate role of government in a democracy in the Freiburg School. The School provided the economic theoretical elements of Ordoliberalism and the Social Market Economy in post-war Germany.
Read more about Freiburg School: Adherents
Famous quotes containing the word school:
“School divides life into two segments, which are increasingly of comparable length. As much as anything else, schooling implies custodial care for persons who are declared undesirable elsewhere by the simple fact that a school has been built to serve them.”
—Ivan Illich (b. 1926)