Commission on Urban Anthropology, IUAES
... The changes in the international economy during the 1970s and the ensuing shift
towards neo-liberalism in the 1980s brought out a “rediscovery” of the ideas of
Friedrich Hayek. The concept of liberalism was the ideological guise of economic
globalization. The liberalization of market forces, as an i ...
... • Freiburg school of neoliberalism: the
state could and should intervene in
the market matters and be held
responsible for social agenda
• Postwar political environment of
demilitarization and direct controls
(Erhardt as an advocate of decontrol)
Economic Systems of Europe
... ◦ C. Compare the basic types of economic systems
found in the United Kingdom, Germany, and Russia.
Types of Economies
... In a COMMAND ECONOMY, or socialism,
business, property, resources, and all other
economic activities are controlled by the
government, which owns many of the nation’s
industries. Education, healthcare, and welfare
services are all provided, but people have little
choice of goods and services.
The role of the state and development
... The role of the state and development
• Economic Plan : is simply a specific set of quantitative
economic targets to be reached in given period of time,
with a stated strategy for achieving those targets.
• There are two types of economic plan:
– Comprehensive Plan sets its targets to cover all maj ...
The U.S. Economy
... Fiscal policy (New Deal policy of 1930s)
Regulations of many key industries
Social security Act of 1935
Labor and employment related acts
How has the Constitution shaped the economic system in the United
... Private entrepreneurs are free to obtain and organize
resources (goods & services) & to sell them in markets of
Consumers are at liberty to buy that collection of goods &
services that best satisfies their economic wants.
Workers are free to seek any jobs for which they are
The Economy and Society
... collectivisation, which brought all economic
resources under the control of the partystate apparatus.
• The drawbacks of state socialism:
• Inherent inefficiency.
• Poor economic performance – social
safeguards built into central planning, with
egalitarian system of distribution– enterprise
... United States on that all important indicator of economic vitality -- productivity growth.
Countries like Belgium, the Netherlands, France and Germany seem to be able to produce high
rates of productivity growth without rising income inequality. In fact, the EPI argues that the U.S.
position at the ...
... Tax financing of social sector ensures solidarity between those in
work and the unemployed
What is most costly: Financing an Active Labour Market Policy or
financing high unemployment?
... not only lost contact with the land, and their
sense of embeddedness in the land, but at the
same time they have lost those elemental
social forms of more or less intimate and
relatively transparent social relations. Thus a
basic aim of bioregionalism is to get people
back in touch with the land, an ...
Economic Systems - Swan Hills School
... the government with the interests of citizens in mind.
◦ Some government planning, national ownership of industry, and
economic regulation. Individual citizens and corporations are still
allowed some economic freedom, but the government intervenes
in the economy to protect the well-being of citizens ...
Module 15 Lesson 1 Remediation Notes Part 2
... markets by the interaction of supply and demand.
In a market economy, private citizens—not the
government—own the factors of production: natural
resources, capital, labor, and entrepreneurship.
A market economy is decentralized—decisions are made by
all the people, not just a few. No one coordinates ...
Command and Market Economies and the 5 Social
... • Use the same sheet of paper as your bellwork!
• Using the order of the goals decided on by the
entire class, answer the following: Is the fantasy
economy of the class a market or a command
economy? Justify your answer using what you
know and the sheet labeled Activity 2.
• Turn in before your leav ...
Chapter 006 notes
... USA argued that liberal goals are achieved by
limiting government intervention and only
providing the most basic social programs
o Drive for wealth arises from self interest
and need to complete (individualism,
classical liberalism notions)
Canada, Sweden favour more government
o Argue ...
... Which Mixed Economic System is Better?
Social Democracy in Sweden (sometimes called: “democratic socialism” or “welfare state capitalism”)
In short, social democracy is an economic system that adheres to the capitalist mode of production (private
ownership), but has a fair amount of government inter ...
Governance and Movement Building
... • Higher end advances linked to united movement of
• Key components in building that unity:
• Building identity and self recognition based on
• Credible public face related to public interest (not
self interest) – “valeurs ajoutees”
• Purposeful inclusion of indigenous people ...
A Policy Framework For CED - The Canadian Social Economy Hub
... Social Economy
Mixed economy in Canada has always
included private, state and “social economy”
(non profit, credit union, coop, social
enterprises, CED) production of goods and
services for human and community benefit.
Social economy represents over 12% of
GDP and an even larger contributi ...
Made in America
... the market on its own, does not
distribute resources efficiently. Ex.
• Externalities- are side effects of a
decision by consumers/producers
that has an impact on a 3rd party.
ECONOMICS Review sheet
... B. raise the reserve requirement
C. sell securities (bonds)
D. buy securities (bonds)
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.