Social market economy - Wikipedia
The "social market economy" is the socially anchored law for the industrial economy, according to which the achievements of free and able individuals are integrated into a system that produces the highest level of economic benefit and social justice for all.
Social market economy | Britannica
…its “social market economy” (Soziale Marktwirtschaft). With a “safety net” of benefits—including health protection, unemployment and disability compensation, maternity and child-care provisions, job retraining, pensions, and many others—paid for by contributions from individuals, employers, and public funds, Germany has an ...
13 Characteristics of a Social Market Economy - Simplicable
Oct 30, 2019 · A social market economy is a free market system that uses taxation to provide a basic quality of life for all members of society. This is intended to leverage the productivity and efficiency of a capitalist system with limited income redistribution using systems such as free healthcare and universities.
Social Market Economy - Konrad-Adenauer-Stiftung
The social market economy was introduced as an economic policy concept in Germany in the aftermath of the Second World War. It is inextricably linked with the German economic miracle. The unique feature of the social market economy is …
Europe has rediscovered the social market economy - Financial Times
Dec 19, 2021 · This month the commission launched an action plan for the “social economy” — the various types of entities that carry out economic but not-for-profit activities, from social enterprises to...
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
Social Market Economy by introducing and explaining in greater depth the key principles of the German economic system, with reference to its founding fathers.
This paper investigates various possible meanings of ‘Social Market Economy’—60 years after its political initiation in Germany. We focus on the variety of intellectual sources that influenced the formation and interpretation of the concept in Germany during the first half of the last century.
Social market economy - (The Modern Period) - Fiveable
The social market economy was developed in Germany after World War II as a way to rebuild the nation while ensuring social stability and justice. Key principles include the promotion of competition while also providing social safety nets for those in need, like unemployment benefits and health care.
Ludwig Erhard ifo Center for Social Market Economy and …
The social market economy is a widely recognized economic and social model. It stands for the combination of economic efficiency with social balance and is therefore considered a model of success beyond Germany.