Publication details
Sociálně tržní ekonomika jako relevantní koncepce hospodářské politiky ve 21. století
| Title in English | Social market economy as a relevant economic policy concept for 21 centruy |
|---|---|
| Authors | |
| Year of publication | 2012 |
| Type | Article in Periodical |
| Magazine / Source | Ekonomický časopis/Journal of Economics |
| MU Faculty or unit | |
| Citation | |
| Web | https://www.ceeol.com/search/viewpdf?id=79008 |
| Field | Political sciences |
| Keywords | social market economy; ordoliberalism; modern democracy |
| Description | This paper aims to contribute to the theoretical discussion of Social Market Economy concept and his compatibility with main premises of neoclassical economic goal of optimal economic efficiency. We will shortly discuss the historical and social context of Ordoliberalism and Freiburg school; subsequently apply the concepts of institutional economy and concepts of economic theory of democracy. The compatibility of normative institutional order and requirements of contemporary economic policy will be discussed in connection with topics as a social order and policy, social capital, economic policy decision making and state-market relations in modern democratic society. |
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