Ordoliberalism can in fact be considered an embryonic neo-institutionalist doctrine avant la lettre, though a close examination of the relationship of ordoliberalism and rational choice-based neo-institutionalism has yet to be carried out in any serious way. However, ordoliberalism as a specific German variety of neoliberalism has gradually converged with Austrian economics and Anglo-Saxon versions of neoliberalism, especially in the field of competition theory proper.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 559