In his governmentality studies in the late 1970s Foucault held a course at the College de France on the major forms of neoliberalism, examining the three theoretical schools of German ordoliberalism, the Austrian school characterized by Hayek, and American neoliberalism in the form of the Chicago school. Among Foucault's great insights in his work on governmentality was the critical link he observed in liberalism between the governance of the self and government of the state--understood as the exercise of political sovereignty over a territory and its population. Liberal modes of governing are distinguished by the ways in which they utilize the capacities of free acting subjects and, consequently, modes of government differ according to the value and definition accorded the concept of freedom. This paper first briefly discusses Foucault's approach to governmentality, before detailing and analysing Foucault's account of German "ordoliberalism", as a source for the "social market economy", and the EU's "social model". (Contains 10 notes.)