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German Neo-Liberals and the Social Market Economy by Alan T. Peacock,Hans Willgerodt,Daniel Johnson Pdf
A study, published in association with the Trade Policy Research Centre, established to promote independent analysis and public discussion of international economic policy issues. It covers subjects such as the evolution of the social market economy and the role of the public sector.
German Neo-Liberals and the Social Market Economy by Alan T. Peacock,Hans Willgerodt Pdf
This volume is a collection of ten essays in which the authors assess the contribution of the German Ordo-liberals fifty years after the founders of the liberal movement in Germany stated their aims and objectives. The Ordo-liberals were a group of liberal economic and legal thinkers in the Federal Republic of Germany who came into prominence as a result of their influence on, and participation in, post-war economic policy in the Federal Republic when Ludwig Erhard was Minister for Economic Affairs and, later, Chancellor. They became known as Ordo-liberals because of their commitment to designing the appropriate economic and legal system. The essays in this volume consider not only the philosophy of the Ordo-liberals and their concept of the social market economy, but are also concerned with the contribution of the Ordo-liberals to more practical problems. The role of the public sector, the control of mergers and monopolies and the problem of sound money are among the topics considered, as well as the views of the Ordo-liberals on the international order. Many of the authors of these essays are well known internationally and they represent a wide range of contemporary liberal thought. The book will be warmly welcomed by students and scholars interested in economic philosophy and the place of liberalism in contemporary thought. The essays in this volume have been translated from the German in order to bring to the notice of a wider public the views of a group of German liberal economic and legal thinkers. This group of economists and lawyers came into prominence as a result of their influence on, and participation in, post-war economic policy in the Federal Republic of Germany when Ludwig Erhard was Minister for Economic Affairs and, later, Chancellor. Seventeen essays have been selected to express the thoughts of the group who, because of their commitment ot designing the appropriate economic and legal order system, became known as Ordo-liberals. The essays deal with a wide range of contemporary problems, such as the control of monopolies, the problem of the welfare state and the need for self-help, the role of the trade unions in industrial societies, as well as with the more philosophical question of whether capitalist and communist systems are moving closer together in their approach to economic problems to such an extent that they will eventually converge. This book will be of interest to all those who are concerned with contemporary problems both at practical and philosophical levels.
Germany's Social Market Economy by Alan T. Peacock,Hans Willgerodt Pdf
The essays in this volume have been translated from the German to bring to the notice of a wider public the contemporary views of a group of prominent German economists and lawyers who have all participated in the development of post-war economic policy in the Federal Republic of Germany.
The social market economy forms a fundamental theory of the market economy and an integrated economic and ethical theory of the economic order in which the political and societal conditions for the working of the market are included in the theory of the market economy. The social market economy is presented as a universal theory of the decisions to be made about the economic order in all cultures and is analysed in its basic theoretical foundations and in its application to the transition process from the planned to the market economy, particulary in the privatisation of socialised property in Russia and former East Germany. Leading German and Russian experts in the field as well as four classical texts present a systematic analysis of the social market economy from the point of view of economics, law, and ethics.
The Making of the German Post-war Economy by Christian Ludwig Glossner Pdf
Introduction -- Part I: Conception and Communication -- Chapter 1: Academic Concepts between Neo-Liberalism and Neo-Socialism -- 1.1. The Freiburg Circles and Neo-Liberalism -- 1.2. The Freiburg School and Ordo-Liberalism -- 1.3. The Cologne School and Social Market Economics -- Chapter 2: Political Considerations between Programmatic Intention and Pragmatic Imperative -- 2.1. The Social Democratic Party and Liberal Socialism -- 2.2. The Christian Democratic Union/Christian Social Union and Social Liberalism -- Part II: Politics and Public Opinion -- Chapter 3: 1945/1946 - Stupor and Search for Direction -- Chapter 4: 1947 - Disillusion and Disappointment -- Chapter 5: 1948 - Aspiration and Apprehension -- Chapter 6: 1949 - Contentment and Confidence -- Conclusion.
The German Social Market Economy by Detlef Radke Pdf
This study presents the economic system of the Federal Republic of Germany, the Social Market Economy. Its aim is to describe the elements of this system that ensure its openness, dynamism, efficiency, stability and social balance. Taking Germany as an example, the study thus seeks to identify what is specifically German about its market economy system rather than to explain how a market economy system works.
The global rise of neoliberalism since the 1970s is widely seen as a dynamic originating in the United States and the United Kingdom, and only belatedly and partially repeated by Germany. From this Anglocentric perspective, Germany's emergence at the forefront of neoliberal reforms in the eurozone is perplexing, and tends to be attributed to the same forces conventionally associated with the Anglo-American pioneers. This book challenges this ruling narrative conceptually and empirically. It recasts the genesis of neoliberalism as a process driven by a plenitude of actors, ideas, and interests. And it lays bare the pragmatic reasoning and counterintuitive choices of German crisis managers that are obscured by this master story. Drawing on extensive original archival research, this book argues that German officials did not intentionally set out to promote neoliberal change. Instead they were more intent on preserving Germany's export markets and competitiveness in order to stabilize the domestic compact between capital and labor. Nevertheless, the series of measures German policy elites took to manage the end of golden-age capitalism promoted neoliberal transformation in crucial respects: it destabilized the Bretton Woods system; it undermined socialist and social democratic responses to the crisis in Europe; it frustrated an internationally coordinated Keynesian reflation of the world economy; and ultimately it helped push the US into the Volcker interest-rate shock that inaugurated the attack on welfare and labor under Reagan and Thatcher. From this vantage point, the book illuminates the very different rationale behind the painful reforms German state managers have demanded of their indebted eurozone partners.
The social market economy in the age of globalization - problems and perspectives by Jan Lukas Nienhaus Pdf
Bachelor Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 1,8, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, language: English, abstract: The Federal Republic of Germany is a democratic and social federal state (Art. 20). In 1948, the Social Market Economy was introduced in Germany by Ludwig Erhard as the economic system. Since then, Germany has been acting under this guiding principle and found a legal affirmation of the concept in 1990 as it fixed the Social Market Economy as the basis for the economic union of the Federal Republic and Democratic Republic of Germany (“Grundlage der Wirtschaftsunion ist die Soziale Marktwirtschaft”, Art 1-3). In times of economic growth and prosperity, the Social Market Economy seemed to work well and further expansion of the social system did not cause any serious problems, but soon the circumstances changed. Important driving factors and trends like the reunification, the demographic development and the globalization have altered the conditions for successful economic policy. In the last decade, excessive national debts and high unemployment rates have revealed a serious crisis and initiated a strong debate whether the Social Market Economy is still able to adapt to and master the challenges in the age of globalization.
The book presents the economic policy model known as “Social Market Economy” in Germany, the country where it originated. Although the model has since been adopted as core objective in the EU Treaty of Lisbon, experts still disagree on its exact nature. The author contributes to this debate by presenting the German economic system from an external perspective and looking at the extent to which it enabled the country increase its weight in international relations. The system ́s history, identity, political and economic concepts, including ordoliberalism, are analyzed. Its potential and shortcomings are assessed by comparing it to other forms of capitalism. A brief enquiry is made into whether the "Social Market Economy", or aspects of it, are applicable to other countries, including in Eastern Europe. Providing both theoretical and practical aspects, the book offers a valuable resource for researchers, public administration professionals, and policymakers.
Freedom with Responsibility by Anthony James Nicholls Pdf
This book goes behind the success story of the Federal Republic of Germany since the Second World War to examine the principles underpinning the so-called "economic miracle." A.J. Nicholls examines the intellectual origins and history of the concept of the Social Market Economy, and its implementation in the difficult years of post-war devastation and recovery in West Germany. He traces the struggle of liberal economists to assert their ideas in the unfavorable circumstances from 1933 to 1948, when they triumphed with Erhard's implementation of a policy of liberalization following currency reform. The book analyzes the extent to which West Germany's economic success was due to Erhard's policies, and assesses his attempts to attain the goals of the social market up to 1963, when he became Federal Chancellor. Nicholls's study makes an important contribution to our understanding of the historical dynamics of the German economy and the political culture of the Federal Republic.
The Making of the German Post-War Economy by Christian L. Glossner Pdf
The economic regeneration and post-war reconstruction of West Germany is one of the most remarkable success stories of the 20th century. However, little is known about the processes and debates that fuelled this era of extraordinary change and upheaval. Christian Glossner here explores the events and individuals of this period, tracing the development of economic and socio-political ideas and their gradual absorption by mainstream politicians, officials and the general public during the period of transition between 1945 and 1949. In the process, he reveals the dynamic interplay between political parties and the electorate during the process of economic liberalization that was to result in the Social Market Economy prevailing as the socio-political and economic model for the new Federal Republic of Germany.
The Road from Mont Pèlerin by Philip Mirowski,Dieter Plehwe Pdf
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism’s origins and growth as a political and economic movement. Now with a new preface.
