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Easy guide to social market economy

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Social market economy is balancing both the market economy, presented as an indisputable and unsurpassable universal concept, and the concern for social justice. This economic model, implemented in 1948 by the Federal Republic of Germany, is the result of the synthesis of some economic analysis made in the 1930 and the political will of the founding fathers of the FRG. Thus, the social market economy is not a sort of third way between capitalism without limits and collectivist communism, but aims to combine, on the basis of a competitive economy, private initiative and social progress. In this model, it is the state that explicitly guarantees the social and economic order, the former based on liberalism, which requires a state with a strong regulatory authority. This will to reconcile the apparently contradictory elements may appear as the major innovative essence of the social market economy. The social market economy is not a completed system, but an evolving concept which remains an important factor in political and social cohesion of the European Union

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Availability

KP.1.000117

KP..1 SPE h

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Available

Detail Information

Series Title

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Call Number

KP.1 SPE h

Publisher

Jakarta : Friedrich Ebert Stiftung., 2005

Collation

56p. ; 16cm.

Language

English

ISBN/ISSN

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Classification

KP.1

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Ekonomi pasar

Specific Detail Info

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Statement of Responsibility

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