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.
[1] The Freiburg school provided the economic theoretical elements of ordoliberalism and the social market economy in post-war Germany.
The Freiburg school of economics was called "neoliberalism" until Anglo-American scholars reappropriated the term.
[2] Wilhelm Röpke (from the Austrian school), Alfred Müller-Armack and Alexander Rüstow were not members of the Freiburg school but did provide, together with the Freiburg school, the foundations of ordoliberalism.