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Ordnungsökonomik und Soziale Marktwirtschaft in Bedrängnis / Ordo-liberalism and the German “Social Market Economy” in qunadary?

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  • Witt Ulrich

Abstract

In the future, dwindling economic growth rates will leave less room for redistributive policies. At the same time, increasing challenges of a changing age structure of the population, of increasing international competition, the transition to a more sustainable economy, and the imponderables of the European integration process will have to be met. Under these conditions, what position will ordo-liberalism take towards the “social market economy” - the historical synthesis of liberal and social thought in the future? The present paper discusses what changes the two parts of the synthesis underwent in the past and how, consistent with ordo-liberal ideas, their synthesis can be maintained despite the challenges it faces in the future.

Suggested Citation

  • Witt Ulrich, 2012. "Ordnungsökonomik und Soziale Marktwirtschaft in Bedrängnis / Ordo-liberalism and the German “Social Market Economy” in qunadary?," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 159-178, January.
    • Handle: RePEc:bpj:ordojb:v:63:y:2012:i:1:p:159-178:n:13
    DOI: 10.1515/ordo-2012-0113
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    References listed on IDEAS

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    3. Wegner, Gerhard, 2012. "Ökonomischer Liberalismus als politische Theorie," Untersuchungen zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 62, number urn:isbn:9783161510342, September.
    4. Ulrich Witt, 2001. "special issue: Learning to consume - A theory of wants and the growth of demand," Journal of Evolutionary Economics, Springer, vol. 11(1), pages 23-36.
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