scholarly journals Economic policy supporting social well-being. Remarks on the margin of Ludwig Erhard’s book “Prosperity for All”

2020 ◽  
pp. 27-37
Author(s):  
Marcin Łuszczyk
Keyword(s):  
Economic Policy ◽  
World War Ii ◽  
Market Economy ◽  
Ad Hoc ◽  
Well Being ◽  
Social Market Economy ◽  
World War ◽  
The Social ◽  
Social Market ◽  
Original Concept

The purpose of the article is to present the achievements of Ludwig Erhard in the field of economic policy and his vision of social well-being. Immediately after World War II, Erhard was the main author of Germany’s economic policy. Based on the principles of ordoliberalism, the social market economy became the source of economic success. Under the Constitution, also in Poland the social market economy forms the basis of the economic system. However, it turns out that the actions taken differ significantly from Erhard’s original concept, and sometimes even close to the model of the socialist economic order. The state’s interference in market processes is growing, ad hoc decisions are more and more often made, calculated more to improve the current situation than to ensure lasting prosperity.

scholarly journals Czy Europa potrzebuje zmiany doktryny ekonomicznej?

2018 ◽  
pp. 181-199
Author(s):  
Marta Balcerek
Keyword(s):  
World War Ii ◽  
Market Economy ◽  
German Society ◽  
Social Market Economy ◽  
Federal Republic Of Germany ◽  
World War ◽  
Legal Power ◽  
The Social ◽  
Intermediate Solution ◽  
Social Market

After World War II the Federal Republic of Germany was forced to decide about its economic system, choosing between liberalism and collectivism. However, neither of the two systems was suitable for German society, so German legal power sought an intermediate solution, a doctrine which would be located halfway on a scale between the two above-mentioned extremes. The resulting solution was the ordoliberal concept of the social market economy, a new economic doctrine implemented by Ludwig Erhard, Economics Minister, later elected Chancellor. The social market economy has since grown in importance, as it was adopted by The European Coal and Steel Community in 1951, and by The European Economic Community in 1957, finally becoming the leading economic doctrine in Europe.

scholarly journals Ordolieral Roots of Ecological Market Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 115-129
Author(s):  
Martin Dahl
Keyword(s):  
Economic Policy ◽  
World War Ii ◽  
Market Economy ◽  
Research Question ◽  
Social Market Economy ◽  
New Concepts ◽  
The Social ◽  
Ecological Development ◽  
Western Germany ◽  
Social Market

AbstractWestern Germany introduced the model of a Social Market Economy after World War II. This model has become an example of socio-economic reforms for many European countries. In the initial phase of the development of the new socio-economic policy concept, the postulate of "prosperity for all" was especially appealing as it considers economic policy and social policy as a whole. In subsequent years of development, particularly at the end of the twentieth century, the model of a Social Market Economy has become a source of foundation for creating new concepts and ideas that would include more aspects of responsible and sustainable development combined with proper care for resources and the natural environment. In the view of this, the aim of this paper is to attempt to answer the question of to what extent the Social Market Economy model can lay the foundation for sustainable, responsible and ecological development. In order to be able to answer such a research question, the author based his reasoning and analyses on the theory of ordoliberalism and the following research methods: factual analysis, comparative analysis and analysis of selected publications. The main findings of the research are that the concept of Social Market Economy contains numerous elements that can foster the implementation of the sustainable, responsible and ecological development of countries and societies.

Ordoliberalism, the Social-Market Economy, and Keynesianism in Germany, 1945–1974

2017 ◽  
Author(s):  
Harald Hagemann
Keyword(s):  
Economic Policy ◽  
World War Ii ◽  
Market Economy ◽  
German Economy ◽  
Social Market Economy ◽  
West German Economy ◽  
Federal Republic Of Germany ◽  
Social Democrats ◽  
The Social ◽  
Social Market

The chapter deals with the development of the welfare state in the first three decades after World War II, in which the West German economy ran through a remarkable catching-up process. Economic policy in the new Federal Republic of Germany in that period was decisively shaped and influenced by the ordoliberal ideas of Walter Eucken and the Freiburg school and the principles of the social-market economy. Whereas Keynesianism of the Hicks-Samuelson neoclassical synthesis had already evolved into the dominant view in the academic sphere during the 1950s, it took until the 1966–67 recession for Keynesianism to find a late (and short) entry into German economic policy with the entry of the Social Democrats into government and their charismatic minister of economics, Karl Schiller.

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