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Origins and Change of the Social Market Economy : History and Theoretical Foundations
- Available as
- Online
Details
- Creator
- Jürgen G. Backhaus, Günther Chaloupek, and Hans A. Frambach, editors
- Format
- Books
- Language
- English
- Publication
-
- First edition
- Cham, Switzerland : Springer Nature Switzerland AG, [2023]
- ©2023
- Physical Details
-
- 1 online resource (0 pages)
- ISBNs
- 9783031392108, 3031392108, 9783031392092
- Includes bibliographical references.
- Intro -- Contents -- Introduction -- References -- Origins and Change in the Concept of Social Market Economy -- 1 Introduction -- 2 Third Ways -- 2.1 Ordoliberalism: The Context -- 2.2 Ordoliberalism: The Proposal -- 2.3 Further Third Ways in Economic Theory -- 2.4 The Third Way of the Catholic Church -- 3 Core Ideas of Social Market Economy -- 4 New Social Market Economy -- References -- Wilhelm Röpke: Co-founder of the Social Market Economy and (Human)Ecological Mastermind -- 1 Overview of Life and Work -- 2 Röpke's Universal-Historical Secular Analysis -- 3 Theoretical Aspects of Economics -- 4 Business Cycle Theory, Crisis Diagnosis, and Ecological Reform -- 4.1 German Postwar Development (1945-1966) and the (Human)Ecological Price of Prosperity -- 5 European Challenges: Then and Now -- 6 Röpke's Record and Its Contemporary Significance for Ecological Economics -- References -- "The End of Laissez-Faire": Keynes and Ordoliberalism -- 1 Keynes and the "End of Laissez-Faire" -- 2 Das Scheitern des Laissez-Faire (Failure of Laissez-Faire) -- 3 The Economic Realities in Great Britain and in Germany in the Interwar Period -- 3.1 Excursus: Brief Digression on Ordo-Liberalism in the USA -- 4 Investment and Vanishing Scarcity of Capital -- 5 Overall Stability and Flexibility of Prices and Wages -- 6 Demand Management and Allocation of Resources -- 7 Stability of the Monetary System -- 8 Big Business and Corporatism -- 9 Post-Laissez-Faire Economic Order -- 10 The End of Laissez-Faire in the Golden Age of Post-war Capitalism -- References -- Social Market Economy and Human Rights: A Global Perspective -- 1 Introduction: The Inherent Challenge of a Social Market Economy -- 2 A Historical Sketch to the Challenges of the Present Day -- 3 Normative-Ethical Embedding of the Market Economy -- 3.1 The Necessity of a Social Corrective
- 3.2 The Challenge of a Social Corrective -- 4 Human Rights as a Universal Foundation of a National Regulatory Model -- 4.1 Starting Point: The Market-Relevant Content of Human Rights -- 4.2 On the Benefits of a Human Rights Approach -- 4.2.1 Problems of Market and Morality -- 4.2.2 Potential and Feature of the Normative Foundations of Human Rights -- Human Rights as a Global Minimum Consensus on Moral Economic Practice -- The Janus Face of Human Rights: Dualism of Law and Morality -- Factual Liberation of the Individual -- 5 Conclusion -- References -- From Schmoller's Socialpolitik to Müller-Armack's Social Market Economy: A Reconstruction of the German Conservative Discourse on the Social Regulation of Capitalist Market Systems -- 1 Introduction -- 2 Schmoller, the German Historical School, and the Idea of Socialpolitik -- 3 Sombart, Oppenheimer, and the Socialist Challenge -- 4 The Social Market Economy: A Conservative Synthesis? -- 5 Conclusion -- References -- From Schmoller Through the Catholic Social Doctrine to Müller-Armack: A Commentary on Reginal Hansen's Theory of the Ideational Origin of the Social Market Economy -- 1 Introduction -- 2 Hansen's Theory of the Ideational Origin of the Social Market Economy -- 2.1 Various Epistemic Preliminary Comments -- 2.2 Schmoller's Political Belief: An Economic Life Order -- 2.3 The Path to an Economic Life Order: The Institutions -- 2.4 Schmoller's Long-Term Influence: The Social Market Economy -- 3 Schmoller's Legacy in the Social Market Economy: The Resonance of Hansen's Interpretation in Scientific Discussion -- 4 Similarities with Schmoller and Müller-Armack -- 4.1 Epistemology -- 4.2 Foundation of Values in the Economic and Social Policy -- 4.3 Social Stability -- 4.4 Market Conformity of State Interventions -- 5 The Catholic Social Doctrine as a Link Between Schmoller and Müller-Armack
- 5.1 On Müller-Armack's Impression of Schmoller -- 5.2 The Catholic Social Doctrine Link -- 5.2.1 Socialism of the Chair, German Catholicism, Papal Encyclicals, Müller-Armack -- 5.2.2 Bishop Ketteler and Rerum Novarum (1891) -- 5.2.3 Volksverein (1891) and Quadragesimo Anno (1931) -- 6 Concluding Comments -- References -- Goetz Briefs' Socially Tempered Capitalism -- 1 Introduction -- 2 Development in the work of Goetz Briefs -- 3 The Concept of Marginal Ethics -- 4 Liberalism, Individualism and Capitalism -- 5 Socially Tempered Capitalism -- 6 Laissez-Faire Pluralism -- 7 Liberalism and Totalism -- 8 Ludwig Erhard's Formed Society -- 9 Conclusion -- References -- The Muthesius Circle: Financial Journalism in the 1950s -- 1 Introduction -- 2 Volkmar Muthesius -- 3 The Ideal of a Financial Journalist: Alfred Lansburgh and Die Bank -- 4 The Committee of Enquire on Banking of 1933/1934 -- 5 Christian Otto Fischer and the Hauptgruppe Banken -- 6 "Like-Minded Friends" in Frankfurt: The Muthesius Circle -- 7 Conclusion -- References -- Healthcare Policies of the German Federal Republic -- 1 Introduction -- 2 The Early Social Market Economy and Health System of the German Federal Republic -- 3 Dimensions of Economic Style -- 4 Analysis of Selected Healthcare Policies of the Social Market Economy -- 4.1 Ethical Beliefs -- 4.2 Personal Motivation -- 4.3 Mental Attitude -- 4.4 Population and Population Density -- 4.5 Population Mobility, Demographic Change -- 4.6 Division of Labor -- 4.7 Intellectuals and Handicraft -- 4.8 Technical Processes -- 4.9 Size of the Community -- 4.10 Coherence of Society: Family and Contract -- 4.11 Division of Labor in Society -- 4.12 Concept of Ownership -- 4.13 Production of Goods and Services -- 4.14 Concept of Distribution -- 4.15 Concept of Labor -- 4.16 Economic Cycles of Production -- 4.17 Social Constitution
- 4.18 Concept of Taxation -- 4.19 International Alliances and Contracts -- 5 Summary and Conclusions -- References -- The End of Laissez-Faire -- 1 Introduction -- 2 Keynes's Contribution to Economic Planning -- 3 Bretton Woods and Beyond -- 4 Block-Forming and the European Union -- 5 The Future of the World: An Uneasy Utopia -- 6 Coda -- References -- Political Economy of Socialism: Theoretical and Practical Controversies of "All-People Socialist" Ownership -- 1 Introduction -- 2 The Dogma -- 3 Dogma Confronts Reality -- 4 Practical Dimensions of the Problem and the Attempts for Its Resolution -- 5 Theoretical Aspect of the Institutional Contradiction -- 5.1 Khozraschet -- 5.2 The Duality Ownership Possession -- 6 Conclusion -- References