Socialist Market Economy and Preliminary Establishment of the Social Security System: Development in 1990s

2017 ◽  
pp. 93-152
Author(s):  
Hong Zhou ◽  
Jun Zhang
Keyword(s):  
Social Security ◽  
Market Economy ◽  
System Development ◽  
Social Security System ◽  
Security System ◽  
Socialist Market Economy ◽  
The Social ◽  
Socialist Market

Das Gerechtigkeitsproblem in der Sozialen Marktwirtschaft

1998 ◽  
Vol 47 (3) ◽  
Author(s):  
C. Christian von Weizsäcker
Keyword(s):  
Social Security ◽  
Market Economy ◽  
Social Security System ◽  
Status Quo ◽  
Security System ◽  
Social Market Economy ◽  
The Social ◽  
The Status ◽  
Social Market

AbstractA “Social Market Economy” in the spirit of Ludwig Erhard is quite different from the present day economy which I call the Status Quo Economy. The Social Market Economy is substantially more deregulated, has a much smaller social security system, and a higher rate of innovation. It is argued that a transition to a “Social Market Economy” could raise the income of all income strata. Therefore using the Rawls criterion of justice, the Social Market Economy is more just than the Status Quo Economy, even though inequality is likely to be larger.

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