Origins And Change Of The Social Market Economy

Author : Jürgen G. Backhaus,Günther Chaloupek,Hans A. Frambach
Publisher : Springer Nature
Page : 209 pages
File Size : 43,8 Mb
Release : 2023-09-30
Category : Business & Economics
ISBN : 9783031392108

Get Book

Origins and Change of the Social Market Economy by Jürgen G. Backhaus,Günther Chaloupek,Hans A. Frambach Pdf

This edited volume addresses the theoretical and historical foundations of the German Social Market Economy. Written to commemorate the 75th anniversary of the establishment of the Social Market Economy, chapter contributions discuss the ideas of its theoretical founders—Walter Eucken, Alfred Müller-Armack, Wilhelm Röpke, and Franz Böhm--as well as related influences such as Ordoliberalism, the historical school of economics, and the Catholic social doctrine. In addition, chapters analyze differences and parallels to alternative policy concepts, in particular Keynesianism. Finally, the volume turns toward contemporary discussions of the Social Market Economy in the present political and economic context, specifically its ability to cope with current challenges. Providing rich context for the establishment of Germany’s contemporary economic system, this volume will be of interest to researchers and students of political, social and economic systems, the history of economic thought, and political history.

Author : Simon Sutterlütti,Stefan Meretz
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 45,6 Mb
Release : 2023-01-01
Category : Political Science
ISBN : 3031146441

Get Book

Make Capitalism History by Simon Sutterlütti,Stefan Meretz Pdf

This open access book presents an alternative to capitalism and state socialism through the modelling of a post-market and post-state utopia based on an upscaling of the commons, feminist political economy and democratic and council-based planning approaches. It discusses the left’s need to explore non-capitalist modes of production, the inability of green or socialist market economies to produce real social and ecological change, and the need to look beyond traditional ideas of reform and revolution. The book discusses how a socio-economic organisation beyond money, wage labour, patriarchal division of work and centralised state planning may look like. It develops an approach to societal transformation based on seed forms of commons practices and social movements. This book will be relevant to activists, students and researchers interested in fundamental social change, political economy and feminist and Marxist economics. This is an open access book.

Author : Bodo B. Gemper
Publisher : Transaction Publishers
Page : 212 pages
File Size : 40,9 Mb
Release : 2024-06-13
Category : Business & Economics
ISBN : 1412837723

Get Book

The Market System, Structural Change, and Efficient Economies by Bodo B. Gemper Pdf

This volume's aim is to promote thought in readers interested in what kind of economic policies, market systems, welfare systems, and socialist systems should each pursue under the pressures of accelerating change? Should there be more government or less government? This is the central question addressed by this internationally drawn group of experts. The book features major case studies on the People's Republic of China, Canada, Ghana, Great Britain, South Africa, Taiwan, and West Germany. Contributors include, Richard L. Brinkman, from the United States, James C.W. Ahiakpor and Tillo E. Kuhn from Canada, Dieter Loesch and Herbert Schmidt from Germany, and Geert L. deWet from South Africa. For technical economists interested in world trade, business people concerned with expanding markets, and policy analysts concerned about how technology, culture and politics drive economic systems, this book is essential reading. As the editor points out, indicative targeting, as the latest weapon in the arsenal of economic science, makes it possible to systematically discover signals that could become points of reference--landmarks--for the way into the future. The approach taken by the authors enables us to trace future trends by extrapolating current data onto new territory. It will help the policy maker identify desirable trends and ideas; and at the same time, provides some early warning signals about high-risk trends and patterns. Bodo B. Gemper is professor of economics at the University of Siegen in Germany. He previously edited a Transaction volume, Structural Dynamics of Industrial Policy, and in German, Protectionism in the World Economy.

Author : Christian L. Glossner
Publisher : Bloomsbury Publishing
Page : 316 pages
File Size : 41,9 Mb
Release : 2010-02-28
Category : Political Science
ISBN : 9780857714589

Get Book

The Making of the German Post-War Economy by Christian L. Glossner Pdf

The years following the end of World War II in Germany were a significant period of change and upheaval. This book on the economic reconstruction of post-war West Germany traces 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 aftermath of World War II, several German think-tanks, political parties and individuals gave impulse to and then shaped the development of a viable socio-political and economic model between the extremes of laissez-faire capitalism and the collectivist planned economy. In their endeavours to bring into effect their particular economic ideas - often diametrically opposed to one another - the parties of left and right stimulated not only academic and political debate, but also public debate about the political and economic reconstruction of occupied post-war Germany. While all the various neo-liberal approaches assigned to the people sovereign and decisive status in the institutional economic order, and recognised the interdependence of politics, economics and the public, one particular school of economic thought outpaced the others in communicating a model of coordinated economic and social policy, namely the Social Market Economy. Christian Glossner here investigates whether or not it was primarily the subtlety of the political campaign for this model that led to its implementation by the then Economic Council and eventual validation by the German electorate. The programmes published by the principal academic and political groups of the time and the practical day-to-day decisions of the first parliament in post-war Germany are analysed with reference to popular preferences. By examining both the formative involvement of German parties in post-war reconstruction and the role of the public during the process of economic liberalisation, this book provides explanations for why the Social Market Economy prevailed as the socio-political and economic model for the Federal Republic of Germany. It will be of interest to scholars of German, economic and twentieth-century history.

Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 55,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745

Get Book

Varieties of Capitalism by Peter A. Hall,David W. Soskice Pdf

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

Author : R. Coase,N. Wang
Publisher : Springer
Page : 256 pages
File Size : 42,6 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9781137019370

Get Book

How China Became Capitalist by R. Coase,N. Wang Pdf

How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

Author : Arve Hansen,Jo Inge Bekkevold,Kristen Nordhaug
Publisher : Springer Nature
Page : 358 pages
File Size : 48,6 Mb
Release : 2020-10-26
Category : History
ISBN : 9789811562488

Get Book

The Socialist Market Economy in Asia by Arve Hansen,Jo Inge Bekkevold,Kristen Nordhaug Pdf

This book is intended for policy-makers, academics and students of development studies, area studies, political economy, geography and political science. Three of the best global performers in terms of economic growth are authoritarian states led by communist parties. The ‘socialist market economy’ model employed in China, Vietnam and Laos performs better than the economic systems in countries at a similar level of income per capita on a wide range of development indicators, yet market reforms and governance failures have led to highly unequal societies and significant environmental problems. This book presents the first comparative study of development in these three countries. Written by country experts and scholars of development studies, it explores the ongoing quest for market versus state within their model, and the coherence of their development. Chapter 5 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Author : Delia Ferri,Fulvio Cortese
Publisher : Routledge
Page : 347 pages
File Size : 54,6 Mb
Release : 2018-07-20
Category : Law
ISBN : 9781351068505

Get Book

The EU Social Market Economy and the Law by Delia Ferri,Fulvio Cortese Pdf

Investigating the extent to which the European Union can be defined as a "highly competitive social market economy", this edited collection illustrates and tests the constitutional reverberations of Art. 3(3) of the Treaty on the European Union, and discusses its actual and potential transformative effect. In the aftermath of Brexit, and in the 60th anniversary of the Treaty of Rome, the book is particularly timely and topical, offering new and deeper insights on the complex and constantly evolving social dimension of the EU, ultimately reflecting on how the objective of (re)constituting the EU as a "highly competitive social market economy" might best be achieved.

Author : Ludwig Erhard
Publisher : Ludwig von Mises Institute
Page : 277 pages
File Size : 55,9 Mb
Release : 1958
Category : Germany
ISBN : 9781610163538

Get Book

Prosperity Through Competition by Ludwig Erhard Pdf

Author : Karl Polanyi
Publisher : Random House
Page : 260 pages
File Size : 43,7 Mb
Release : 2024-06-20
Category : Business & Economics
ISBN : 9781802065169

Get Book

The Great Transformation by Karl Polanyi Pdf

‘One of the most powerful books in the social sciences ever written. ... A must-read’ Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi’s hugely influential work is a passionate call to protect our common humanity. ‘Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative’ Guardian ‘Polanyi exposes the myth of the free market’ Joseph Stiglitz With a new introduction by Gareth Dale

Author : Kjeld Erik Brodsgaard,Koen Rutten
Publisher : BRILL
Page : 229 pages
File Size : 47,8 Mb
Release : 2017-04-03
Category : Business & Economics
ISBN : 9789004330092

Get Book

From Accelerated Accumulation to Socialist Market Economy in China by Kjeld Erik Brodsgaard,Koen Rutten Pdf

In From Accelerated Accumulation to Socialist Market Economy in China, Kjeld Erik Brødsgaard and Koen Rutten examine China’s indigenous economic discourse and its relation to both economic policy-making and the overall trajectory of development from the First Five Year Plan in 1953 to 2016. In so doing, this volume demonstrates that although the form of the current economic system and its theoretical underpinnings bear scant resemblance to those of the planned economy, economic policy-making still relies on the principle of accelerated accumulation, which lay at the heart of the economic development project in the early years of the People’s Republic.

Author : Bernard E. Harcourt
Publisher : Harvard University Press
Page : 337 pages
File Size : 53,6 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9780674971325

Get Book

The Illusion of Free Markets by Bernard E. Harcourt Pdf

It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.

Author : Klaus Schwab
Publisher : John Wiley & Sons
Page : 311 pages
File Size : 41,7 Mb
Release : 2021-01-27
Category : Business & Economics
ISBN : 9781119756132

Get Book

Stakeholder Capitalism by Klaus Schwab Pdf

Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

Author : Adam Przeworski
Publisher : Cambridge University Press
Page : 230 pages
File Size : 51,6 Mb
Release : 1991-07-26
Category : Business & Economics
ISBN : 052142335X

Get Book

Democracy and the Market by Adam Przeworski Pdf

The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?

Author : A. Bugra,K. Agartan,Ay?e Bu?ra
Publisher : Springer
Page : 267 pages
File Size : 42,7 Mb
Release : 2007-10-01
Category : Business & Economics
ISBN : 9780230607187

Get Book

Reading Karl Polanyi for the Twenty-First Century by A. Bugra,K. Agartan,Ay?e Bu?ra Pdf

Using Karl Polanyi's analysis of the separation of politics and the economy, the book argues that the market economy is not a spontaneous process, but a 'political project' realized through institutional change where labour, land, money, and currently knowledge are commodities. The contributions explore the impact of this commodification process.