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Social Market Economy  - Economic Policy from A to Z
Social Market Economy - Economic Policy from A to Z

Social Market Economy - Economic Policy from A to Z

by Norbert Kloten

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Product ID:33040




Konrad Adenauer Stiftung


9780980254372 - Year: 2008 - Pages: 536



Norbert Kloten
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Author: Norbert Kloten
Anton Rauscher/Several Contributors
Translator(s)/ Editors(s): Rolf H. Hasse/Hermann Schneider/Klaus Weigelt
Publisher: Konrad Adenauer Stiftung
Year: 2008
Language: English
Pages: 536
ISBN/UPC (if available): 9780980254372


After half a century of economic policy under the banner of the social market economy, the vast majority of Germans have accepted this as their country’s economic order. This is particularly due to the consistent implementation of the institutional order (Ordnungs) concept and the resulting rapid economic and social successes in the initial phases of the Federal Republic.However, insight into the context and functioning of the social market economy has declined considerably over the years, while its interpretation has become highly arbitrary. Vital institutional order policy principles of the social market economy have thus been diluted beyond recognition.

In public debate the social market economy has become almost an empty formula that is used by all and sundry. In this way, the model of the social market economy has become an example of the continuation of an idea, even though its fundamental principles are often flawed in their implementation and its core is under threat.

Economic policy in Germany is faced with enormous problems. At present, neither its economic aims nor its social aims are being satisfactorily achieved. Unresolved problems range from long-term unemployment to increasing demands on the welfare system, the dangers of renewed inflation and the unanswered questions relating to an economic policy in a European context, as well as the worldwide challenges of globalization, environmental problems and poverty.

The social market economy in its conceptual form can offer answers to these questions and problems; however, these answers have become obscured, with the result that they are no longer clearly visible and are therefore not sufficiently used. The German and European economic policies are looking for direction and are currently going through an institutional order policy crisis.

The aim of this volume is to clarify the concept of the social market economy in terms of economic and social policy and its political implementation. On the one hand, it is an attempt to retrace the origins and basic principles of the social market economy. On the other, it presents the different forms of social market economy, the need for adaptation in the light of recent challenges, the objections to social market economy and its prospects as a future economic and social system.

The book is aimed at the younger generation, which has the impartiality, openness and critical attitude necessary for implementing reforms, as well as an openness to conceptual orientation.

About The Editor’s:

Prof. Dr Rolf H. Hasse was born in Berlin in 1940. He completed his undergraduate studies in economics in Münster, Westphalia and Cologne. Hasse graduated in 1967 and completed his doctorate (1973) and post-doctoral qualification (1981) in Cologne. From 1981 to 1998 he was Professor of Economics, in particular economic policy, at the University of the Federal Armed Forces in Hamburg. Hasse was at the University of Leipzig from September 1998 to March 2006. Since March 2006 he has been acting manager of Fraunhofer-Zentrum für Mittel- und Osteuropa (MOEZ), Leipzig. His main focus of research and publications include economic policy, international business relations and European integration.

Dr Hermann Schneider was born in Niederwalgern (near Frankfurt) in 1940. He completed his undergraduate studies in economics in Frankfurt and Marburg. After graduation he became a research assistant in Marburg, concentrating on economic policy. Schneider’s doctorate focused on development policy. He became a research
assistant for the Konrad-Adenauer-Stiftung (KAS) both in Germany and abroad. Schneider was the KAS national representative in Colombia (1977–1982), and director of the Science Project for Latin America (Buenos Aires) (1988–1994), where he was able to focus on socio-economic institutional order policy issues. Schneider was the KAS national representative in Chile from 1994 to 1996.

Dip Vw (Master in Economics) Klaus Weigelt was born in Königsberg, Prussia, in 1941. He is an economist (Freiburg), and since 1971 he has been a KAS research associate both in Germany and abroad. Weigelt was director of the KAS Academy for 11 years (1981–1992), KAS national representative in Caracas, Venezuela (1975–1981), director of the KAS European Office in Brussels (1992–1998), and director of the KAS foreign branch in Budapest, Hungary (2002–2007). The main focus of his publications is institutional order policy and economic ethics in the
social market economy.



Alphabetical list of biographies and themes
Material contents of themes
List of tables, figures and other illustrations
List of contributors
Biographies and other personalities
Selected German economic research and advisory institutions

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