Socio-economic growth as a rationale for the social market economy model Cover Image

Przyczynek do rozważań wokół społecznej gospodarki rynkowej
Socio-economic growth as a rationale for the social market economy model

Author(s): Jarosław Szostak
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: social market economy; socio-economic growth; meta-economics; ordoliberalism; value

Summary/Abstract: The paper is focused on social market economy and the prerequisites for its further improvement toward better embodiment of social ideals, with a special emphasis on the need to place a socio-economic growth concept at the heart of market mechanisms. A posteriori adjustments to the division of value will not suffice to permanently and effectively embed a social development concept in a social market economy model; instead, social goals must be inscribed in value prior to its creation. The socio-economic content of value must be determined by the society itself via democratic decision making processes, whereby social needs should be balanced against available resources and reconciled with the sustainable growth agenda.

  • Issue Year: 2014
  • Issue No: 347
  • Page Range: 441-453
  • Page Count: 13