Informal Economy Literature Review
... Various labels have been used by scholars to refer to the "informal economy": it has been
called the irregular economy (Ferman & Ferman, 1973), the subterranean economy (Gutmann,
1977), the underground economy (Simon & Witte, 1982; Houston, 1987), the black economy
(Dilnot & Morris, 1981), the shado ...
The Political Economy of European Employment
... fears over a US attack on Iraq and its effect on oil prices reinforce business
gloom and bring the prospect of global recession even closer.
It is a paradox of the age that the problem, and perception, of insecurity is
tackled by further increasing it and/or shifting it to other people. The labour
State interests vs citizens` preferences
... interests there is no collective interest, and vice-versa. This is I believe the big lesson I have
learned during my time at the EUI.
For this lesson and the life that unfolded around it I am sincerely grateful to every single
The Legacy of Luigi Einaudi and Wilhe lm Roepke William F
... Wilhelm Roepke (1899-1966) is best described by the phrase “conservative political economy.” This phrase will help
distinguish the approach of Roepke and
Einaudi to the problems of man and society from their extremely close friends on
the economic right, the classical liberals.
I did not choose the ...
THE CONTINUING RELEVANCE OF FRED - dinamia`cet-iul
... But what were these social limits? The reflection is introduced as an ‘economist’s answer’ to
three issues: (1) the ‘paradox of affluence’, or why economic growth delivers ‘frustration’; (2)
the ‘distributional compulsion’, or why focus on the partition of the pie and not on its mere
addition; (3) t ...
New Labour, the `Third Way` and the Sector Skills Agreement
... these interests. Thirdly, Government can create and protect an open public sphere,
in which unconstrained debate about policy issues can be carried on, as well as
providing a diversity of public goods, including forms of collective security and
welfare. Government is also responsible for regulating ...
japan`s welfare-state regime: welfare politics, provider
... these social policies in Korea. At one end of the spectrum are the people
who assert that at the end of the 1990s Korea rapidly became a welfare state
and strengthened state responsibility in the adverse circumstances of the
IMF crisis, and at the other end of the spectrum are the people who assert
The Institution, the Economy and the Market: Karl Polanyi`s
... forces. The first principle is the principle of economic liberalism. Its aim is to
establish the self-regulating market using laissez-faire methods and free trade.
This principle was supported by the bourgeois classes. For Polanyi, economic liberalism is the organizing principle of a society engaged ...
Welfare Effect of Monopoly Innovation - Economics E
... between partial and general equilibrium estimates. This result was supported by Hansen
(1999), who examined the second-best antitrust issues related to the accuracy of
estimating the true welfare loss. He too found that the estimate of deadweight loss under
partial equilibrium was larger than the tr ...
Pierre Bourdieu - Olivier Godechot
... prevailing in the traditional society.
- The somehow rather similar transition occurring at the very same time in
the Southern region of France where Bourdieu was born (Béarn),
generating a particular form of anomie among young male peasants (the
“Béarn study” with a first article published in 19629 ...
Peter Nedergaard: The Influence of Ordoliberalism in European
... In the sparse literature on ordoliberalism and its possible influence on European integration
processes we see few attempts to gain a deeper understanding of what kind of economic philosophy
ordoliberalism actually is. In this section I remedy this flaw and I compare ordoliberalism with
60 Years of Social Market Economy - Konrad-Adenauer
... of seemingly conflicting objectives, namely economic freedom and social
security.16 Although it is often viewed as a mélange of socio-political
ideas rather than a precisely outlined theoretical order, the conception
possessed an effective slogan, which facilitated its communication to
both politics ...
BTI 2016 Codebook
... Welcome to the seventh edition of the Transformation Index BTI, a survey of political and economic transformation around the world. Our goal is to contribute to successful strategies for peaceful and sustainable
transformation. Comprehensive in its approach, and with an emphasis on the quality of go ...
PDF of this page
... A historian's examination of post-war booms and busts. The development
of post-World War II economic institutions and stresses that emerged
within them. Domestic and international macroeconomic trends;
monetary, fiscal, and social policy; relations between organized labor
and business; the astonishi ...
New EMU governance: Not (yet) ready for social investment?
... Half a decade after the Euro crisis, the European Union (EU) is in dire need of a growth strategy
that is – all at once – economically viable, politically legitimate and seen as socially fair.
Without a strategic focus on an inclusive labour market, helping to ease the employment
transitions for wor ...
On the Functions for Government to Promote Low-carbon Economic Development
... is impossible for the instructing plan from Centralized government to allocate resources effectively. But
dose plans have no role? In fact, on the case of market regulation, rational individuals' decision-making
targeting at utility maximization may lead to collective irrationality and impairment of ...
uppsatsfinal - Lund University Publications
... states were among these. Sweden, in particular, has come under closer international
scrutiny, with observations of problems often mixed a dose of schadenfreude,
perhaps to compensate for previous envy at, or disbelief of, the social and economic
success of her welfare model” (Kuhnle, 2001, p.103).
Industrial Districts and Economic Decline in Italy
... Section 3 focuses on what allows IDs to be competitive, to achieve economic
growth and to reproduce themselves as a socio-economic system. It contends
that the key issue is that IDs must comply with stringent requirements for
social cohesion: economic activity must interact with the social and cultu ...
1 Beyond foundations: systemism in economic thinking Jakob
... mainstream economic thought, since methodological individualism strictly demands that all
social and economic analysis be based on theories of individual actions.
In this context, this chapter not only aims at illuminating the “microfoundational approach”
currently prevailing in mainstream economic ...
Modeling the Economy as a Whole: An Integrative Approach
... original factor input. Being producible within the structure of production, goods and services used as intermediate produced means
of production are not original factors; and a similar argument can be
used for labor power as well. Labor power is a socially produced
input in that it is created or bec ...
Nationalisation: A case study of Zambia
... rural-urban divide, geographically isolated labour
reserves, high unemployment among indigenous
Zambians, and discriminatory channels for the
provision of socio-economic services, such as health
Social market economy
The social market economy (German: Soziale Marktwirtschaft) is a form of market capitalism combined with a social policy favoring social insurance, and is sometimes classified as a coordinated market economy. The social market economy was originally promoted and implemented in West Germany by the Christian Democratic Union (CDU) under Chancellor Konrad Adenauer in 1949. Its origins can be traced to the interwar Freiburg school of economic thought.The social market economy was designed to be a third way between laissez-faire economic liberalism and socialist economics. It was strongly inspired by ordoliberalism, social democratic ideas, and the tradition of Catholic social teaching or, more generally, Christian ethics.The social market economy refrains from attempts to plan and guide production, the workforce, or sales, but it does support planned efforts to influence the economy through the organic means of a comprehensive economic policy coupled with flexible adaptation to market studies. Effectively combining monetary, credit, trade, tax, customs, investment, and social policies, as well as other measures, this type of economic policy creates an economy that serves the welfare and needs of the entire population, thereby fulfilling its ultimate goal.Some authors use the term social capitalism with roughly the same meaning as social market economy. It is also called Rhine capitalism, typically when contrasting it with the Anglo-Saxon model of capitalism. Rather than see it as an antithesis, some authors describe Rhine capitalism as successful synthesis of the Anglo-American model with social democracy. The German model is also contrasted and compared with other economic models, some of which are also described as ""third ways"" or regional forms of capitalism, including Tony Blair's Third Way, French dirigisme, the Nordic model, Japanese corporate capitalism and the contemporary Chinese model. A 2012 comparative politics textbook distinguishes however between the ""conservative-corporatist welfare state"" (arising from the German social market economy) and the ""labor-led social democratic welfare state"".Social capitalism as a theory or political or philosophical stance, challenges the idea that the capitalist system is inherently antagonistic to social goals or to a political economy characterized by greater economic equality. The essence of the social market economy is the view that private markets are the most effective allocation mechanism, but that output is maximized through sound state macroeconomic management of the economy. Social market economies posit that a strong social support network for the less affluent enhances capital output. By decreasing poverty and broadening prosperity to a large middle class, capital market participation is enlarged. Social market economies also posit that government regulation, and even sponsorship of markets, can lead to superior economic outcomes, as evidenced in government sponsorship of the Internet or basic securities regulation.