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Economics And Social Democracy - Social Democracy Reader 2, September 2011

The financial and economic crisis was a turning point. The problems that confront us go beyond mere coping with the particular consequences of the crisis, and concern the very foundations of our society. We have to decide today how we want to live and work, not just over the next few years, but over the coming decades. What would a fair and solidarity-based economic order look like? What kind of balance must be found between state and market? How can a modern, value-oriented social democratic economic policy prevail? These are key questions for anyone wishing to have their say and actively participate in politics. The belief in the uncontrolled market has been sidelined. Now an opportunity presents itself to set a new course. But only those who know where they are going will be able to inspire others to embrace their ideas and achieve their goals. All the more reason to be certain about one’s own course. The aim of this reader is to help achieve this certainty. Important economic theories are explained, economic orders described, key values and orientations are characterised and the question is asked, what these values mean for a concrete social democratic economic policy. Clearly, no definitive answers can be provided. What makes a successful social democratic economic policy must constantly be thought through and justified a new. This volume therefore is not aimed at providing definitive answers, but rather represents an invitation to read and reflect further.


Foreword 4

Foreword to the International Edition 6

1. Introduction 8

2. Foundational Economic Theories 11

2.1. Adam Smith – Founder of Economic Liberalism 14

2.2. Karl Marx’s Critique of Capitalism 19

2.3. John Maynard Keynes: The Management of Capitalism 25

2.4. Ideal Types of Economic Theory 30

2.5. Economics Today 32

3. Economic Systems and Economic Orders 43

3.1. Capitalism and Democracy 43

3.2. Coordinated and Uncoordinated Capitalism 47

3.3. New Framework as a Result of Globalisation 52

4. Economic Policy Orientations of Social Democracy 56

4.1. Core Values 56

4.2. Basic Rights 59

4.3. Principles of Economic Policy 65

4.4. Excursus: Measuring Qualitative Growth 73

5. Comparison of the Economic Programmes of Political Parties 75

5.1. Hamburg Programme –

Basic Programme of the Social Democratic Party of Germany 76

5.2. Principles for Germany – Programme of the CDU 80

5.3. »The Future Is Green« –

Basic Programme of Bündnis 90/Die Grünen 82

5.4. The »Wiesbaden Principles« of the FDP 85

5.5. The »Key Programmatic Points« of »Die Linke« 87

5.6. Evaluation of the Programmes in accordance

with the Aims of Social Democracy 89

6. Economic Orders: Country Models 92

6.1. USA 92

6.2. Great Britain 97

6.3. Germany 102

6.4. Japan 110

6.5. Sweden 116

7. Economic Policies: Practical Examples 122

7.1. Environmental Industrial Policy:

Growth Policy for a Sustainable Future 123

7.2. Budget Policy: What We Owe Germany 127

7.3. Risks and Opportunities of Privatisation 132

7.4. Decent Work and Codetermination: The Policy of Decent Work 137

7.5. The Debate on Minimum Wages 144

8. Carry On Thinking 150

Bibliography 151

Reactions to the 1st German edition 154

About the authors 156

Anbieter: Friedrich-Ebert-Stiftung


Dossier Wirtschaft


Das Dossier Wirtschaft der Bundeszentrale für politische Bildung liefert Informationen und Diskussionsbeiträge zu den wichtigsten Wirtschaftsdebatten.


Bundeshaushalt 2012


Wie plant der Bund seine Einnahmen und Ausgaben? In dieser Woche findet im Bundestag die Debatte über den Haushaltsentwurf 2012 statt.

Haushaltswoche im Bundestag
Hintergrund aktuell, 06.09.2011
(Bundeszentrale für politische Bildung)
Bundestag berät Entwurf des Bundeshaushalts 2012
(Deutscher Bundestag)

(Bundesministerium der Finanzen)
Der Bundeshaushalt 2012

Fragen und Antworten
Das Versprechen einhalten!
Aufruf zu einem entwicklungspolitischen Konsens zur Erreichung des 0,7%-Ziels




Die Themenausgabe 43/2010 des "Parlaments" stellt unterschiedliche Erklärungsversuche und Bewältigungsstrategien zur globalen Wirtschaftskrise des Jahres 2008 vor.