search query: @author Karsten, S. G. / total: 4
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| Author: | Karsten, S. G. |
| Title: | Walter Eucken: Social Economist |
| Journal: | International Journal of Social Economics
1992 : VOL. 19:10-11-12, p. 111-125 |
| Index terms: | MARKET ECONOMY ECONOMICS COMPETITION SOCIAL POLICY |
| Language: | eng |
| Abstract: | Eucken's paradigm of a "social market economy" provides a framework for a functional free-market mechanism, which not only accomodates development and change, but which also assures human dignity and freedom. Eucken places special emphasis on the integration of economics with "order" and "Justice". He holds that an unconstrained Laissez-faire economy does not assure a competitive economy but that it will degenerate into monopolistic practices. Eucken formulates his "structural" and "regulating" principles to facilitate a functionally competitive economy with a compatible social policy, to assure greater efficiency and to reduce poverty. |
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