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Origins and Change of the Social Market Economy

History and Theoretical Foundations

  • Book
  • © 2023

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Overview

  • Discusses the theoretical and historical foundations of the German Social Market Economy
  • Evaluates the effectiveness and adaptability of the Social Market Economy in light of present challenges
  • Compares and contrasts Ordoliberalism, Keynsianism, and other related philosophies

Part of the book series: The European Heritage in Economics and the Social Sciences (EHES, volume 26)

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About this book

This edited volume addresses the theoretical and historical foundations of the German Social Market Economy. Written to commemorate the 75th anniversary of the establishment of the Social Market Economy, chapter contributions discuss the ideas of its theoretical founders—Walter Eucken, Alfred Müller-Armack, Wilhelm Röpke, and Franz Böhm--as well as related influences such as Ordoliberalism, the historical school of economics, and the Catholic social doctrine. In addition, chapters analyze differences and parallels to alternative policy concepts, in particular Keynesianism. Finally, the volume turns toward contemporary discussions of the Social Market Economy in the present political and economic context, specifically its ability to cope with current challenges. Providing rich context for the establishment of Germany’s contemporary economic system, this volume will be of interest to researchers and students of political, social and economic systems, the history of economicthought, and political history.

Keywords

Table of contents (12 chapters)

Editors and Affiliations

  • Krupp Chair in Public Finance and Fiscal Sociology, University of Erfurt, Erfurt, Germany

    Jürgen G. Backhaus

  • Austrian Chamber of Labour, Vienna, Austria

    Günther Chaloupek

  • Faculty of Economics, M 14.33, University of Wuppertal, Wuppertal, Germany

    Hans A. Frambach

About the editors

Jürgen G. Backhaus is emeritus Professor of Public Finance and Fiscal Sociology at Erfurt University, Germany. He is the founding editor of the book series European Heritage in Economics and the Social Sciences as well as the European Journal of Law and Economics. 


Günther Chaloupek is former director of the economic research department of the Austrian Chamber of Labour. He has a Dr. jur from University of Vienna (Austria) and MA in economics from University of Kansas (US). He is co-editor of European Heritage in Economics and the Social Sciences. 


Hans A. Frambach is Professor of Microeconomics and the History of Economic Thought at the Schumpeter School of Business and Economics, University of Wuppertal, Germany. He is co-editor of European Heritage in Economics and the Social Sciences.

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