Ordoliberals distinguished constitutive framework principles from regulative maintenance principles

Evidence

Thus, “Government did not ‘direct the process’ of the economy. It merely established the ‘forms’ or structural conditions within which those processes could function effectively” (Gerber 1998, 248). Ordoliberals called this “indirect regulation,” which comprised “constitutive” and “regulative” principles. Constitutive principles—the fundamental principles of economic policy—served to establish the form of the economic system. They included monetary stability, open markets, private property, contractual freedom, liability, and policy consistency. Regulative principles flowed from constitutive principles, functioning to maintain the efficaciousness of constitutive principles. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1088

Categorization

• DEFINE: Precisely defines the constitutive/regulative principles distinction central to ordoliberal Ordnungspolitik.
• XREF: Relates to the German social-market-economy tradition that later shaped EU competition policy.