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Social market economy

Index Social market economy

The social market economy (SOME; soziale Marktwirtschaft), also called Rhine capitalism, is a socioeconomic model combining a free market capitalist economic system alongside social policies which establish both fair competition within the market and a welfare state. [1]

98 relations: Alexander Rüstow, Alfred Müller-Armack, Anglo-Saxon model, Basic Law for the Federal Republic of Germany, Bizonal Economic Council, Bizone, Bundestag, Capitalism, Catholic social teaching, Centre for Policy Studies, Centre-left politics, Centre-right politics, Chancellor of Germany, Christian democracy, Christian Democratic Union of Germany, Christian ethics, Christian Social Union in Bavaria, Collective capitalism, Collectivism, Comparative politics, Confessing Church, Conservatism, Conservative Party (UK), Constantin von Dietze, Cooperative, Coordinated market economy, Corporatism, Daniel Finkelstein, Democratic socialism, Dietrich Bonhoeffer, Dirigisme, Eco-social market economy, Economic growth, Economic interventionism, Economic liberalism, Economic planning, Equal opportunity, Franz Böhm, Franz Oppenheimer, Free Democratic Party (Germany), Free market, Freiburg Circles, Freiburg school, Friedrich Hayek, German Empire, Hanns Seidel, Inflation, Karl Marx, Keith Joseph, Konrad Adenauer, ..., Kurt Schumacher, Laissez-faire, Libertarian socialism, Ludwig Erhard, Maastricht Treaty, Margaret Thatcher, Market economy, Michel Albert, Milton Friedman, Nazi Germany, Neoliberalism, Nordic model, Ordoliberalism, Otto von Bismarck, Planned economy, Polder model, Post-war consensus, Private property, Public service, Regulation, Ronald Reagan, Social corporatism, Social democracy, Social Democratic Party of Germany, Social Market Foundation, Social ownership, Social policy, Social security, Socialism, Socialist economics, Socialist market economy, Theodor Heuss, Third Way, Tony Blair, Totalitarianism, Tripartism, Unemployment, Unemployment benefits, United Kingdom, Walter Eucken, Welfare, Welfare capitalism, Welfare state, West Germany, Wilhelm Röpke, William I, German Emperor, Wirtschaftswunder, World War II. Expand index (48 more) »

Alexander Rüstow

Alexander Rüstow (April 8, 1885 – June 30, 1963) was a German sociologist and economist.

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Alfred Müller-Armack

Alfred Müller-Armack (28 June 1901 – 16 March 1978) was a German economist and politician.

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Anglo-Saxon model

The Anglo-Saxon model or Anglo-Saxon capitalism (so called because it is practiced in English-speaking countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland) is a capitalist model that emerged in the 1970s, based on the Chicago school of economics.

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Basic Law for the Federal Republic of Germany

The Basic Law for the Federal Republic of Germany (Grundgesetz für die Bundesrepublik Deutschland) is the constitution of the Federal Republic of Germany.

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Bizonal Economic Council

The Wirtschaftsrat or Economic Council was West Germany’'s first post-war legislative parliament and progenitor of the German Bundestag.

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Bizone

The Bizone or Bizonia was the combination of the American and the British occupation zones on 1 January 1947 during the occupation of Germany after World War II.

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Bundestag

The Bundestag ("Federal Diet") is the German federal parliament.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Catholic social teaching

Catholic social teaching is the Catholic doctrines on matters of human dignity and common good in society.

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Centre for Policy Studies

The Centre for Policy Studies (CPS) is a free-market British policy think tank whose goal is to promote coherent and practical public policy, to "roll back the state," reform public services, support communities, and challenge threats to Britain’s independence.

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Centre-left politics

Centre-left politics or center-left politics (American English), also referred to as moderate-left politics, is an adherence to views leaning to the left-wing, but closer to the centre on the left–right political spectrum than other left-wing variants.

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Centre-right politics

Centre-right politics or center-right politics (American English), also referred to as moderate-right politics, are politics that lean to the right of the left–right political spectrum, but are closer to the centre than other right-wing variants.

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Chancellor of Germany

The title Chancellor has designated different offices in the history of Germany.

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Christian democracy

Christian democracy is a political ideology that emerged in nineteenth-century Europe under the influence of Catholic social teaching, as well as Neo-Calvinism.

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Christian Democratic Union of Germany

The Christian Democratic Union of Germany (Christlich Demokratische Union Deutschlands, CDU) is a Christian democratic and liberal-conservative political party in Germany.

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Christian ethics

Christian ethics is a branch of Christian theology that defines virtuous behavior and wrong behavior from a Christian perspective.

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Christian Social Union in Bavaria

The Christian Social Union in Bavaria is a Christian-democratic and conservative political party in Germany.

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Collective capitalism

The theory of collective capitalism was advanced by American economist G. Means in the 1960s.

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Collectivism

Collectivism is a cultural value that is characterized by emphasis on cohesiveness among individuals and prioritization of the group over self.

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Comparative politics

Comparative politics is a field in political science, characterized by an empirical approach based on the comparative method.

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Confessing Church

The Confessing Church (Bekennende Kirche) was a movement within German Protestantism during Nazi Germany that arose in opposition to government-sponsored efforts to unify all Protestant churches into a single pro-Nazi Protestant Reich Church.

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Conservatism

Conservatism is a political and social philosophy promoting traditional social institutions in the context of culture and civilization.

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Conservative Party (UK)

The Conservative Party, officially the Conservative and Unionist Party, is a centre-right political party in the United Kingdom.

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Constantin von Dietze

Friedrich Carl Nicolaus Constantin von Dietze (9 August 1891 – 18 March 1973) was an agronomist, lawyer, economist, and theologian.

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Cooperative

A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".

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Coordinated market economy

No description.

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Corporatism

Corporatism is the organization of a society by corporate groups and agricultural, labour, military or scientific syndicates and guilds on the basis of their common interests.

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Daniel Finkelstein

Daniel William Finkelstein, Baron Finkelstein, (born 30 August 1962) is a British journalist and politician.

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Democratic socialism

Democratic socialism is a political philosophy that advocates political democracy alongside social ownership of the means of production with an emphasis on self-management and/or democratic management of economic institutions within a market socialist, participatory or decentralized planned economy.

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Dietrich Bonhoeffer

Dietrich Bonhoeffer (4 February 1906 – 9 April 1945) was a German pastor, theologian, anti-Nazi dissident, and key founding member of the Confessing Church.

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Dirigisme

Dirigisme or dirigism is an economic system where the state exerts a strong directive influence over investment.

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Eco-social market economy

The Eco-Social Market Economy (ESME), also known as the Socio-Ecological Market Economy (SEME) or Social and Ecological Market Economy, aims at balancing free market economics, the strive for social fairness and the sustainable use and protection of the natural resources.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Economic interventionism

Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.

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Economic liberalism

Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations.

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Economic planning

Economic planning is a mechanism for the allocation of resources between and within organizations which is held in contrast to the market mechanism.

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Equal opportunity

Equal opportunity arises from the similar treatment of all people, unhampered by artificial barriers or prejudices or preferences, except when particular distinctions can be explicitly justified.

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Franz Böhm

Franz Böhm (16 February 1895, Konstanz – 26 September 1977, Rockenberg) was a German politician, lawyer, and economist.

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Franz Oppenheimer

Franz Oppenheimer (March 30, 1864 – September 30, 1943) was a German sociologist and political economist, who published also in the area of the fundamental sociology of the state.

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Free Democratic Party (Germany)

The Free Democratic Party (Freie Demokratische Partei, FDP) is a liberal and classical liberal political party in Germany.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Freiburg Circles

The Freiburg Circles were a school of economic thought founded in the 1930s in Germany.

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Freiburg school

__notoc__ The Freiburg School (Freiburger Schule) is a school of economic thought founded in the 1930s at the University of Freiburg.

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Friedrich Hayek

Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.

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German Empire

The German Empire (Deutsches Kaiserreich, officially Deutsches Reich),Herbert Tuttle wrote in September 1881 that the term "Reich" does not literally connote an empire as has been commonly assumed by English-speaking people.

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Hanns Seidel

Franz Wendelin "Hanns" Seidel (12 October 1901 – 5 August 1961) was a German politician who served as Prime Minister of Bavaria from 1957 to 1960.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Karl Marx

Karl MarxThe name "Karl Heinrich Marx", used in various lexicons, is based on an error.

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Keith Joseph

Keith Sinjohn Joseph, Baron Joseph, (17 January 1918 – 10 December 1994), known as Sir Keith Joseph, 2nd Baronet, for most of his political life, was a British barrister and politician.

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Konrad Adenauer

Konrad Hermann Joseph Adenauer (5 January 1876 – 19 April 1967) was a German statesman who served as the first Chancellor of the Federal Republic of Germany (West Germany) from 1949 to 1963.

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Kurt Schumacher

Kurt Ernst Carl Schumacher (13 October 1895 – 20 August 1952) was a German social democratic politician, who served as chairman of the Social Democratic Party of Germany from 1946 and was the first Leader of the Opposition in the West German Bundestag from 1949 until his death in 1952.

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Libertarian socialism

Libertarian socialism (or socialist libertarianism) is a group of anti-authoritarian political philosophies inside the socialist movement that rejects socialism as centralized state ownership and control of the economy.

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Ludwig Erhard

Ludwig Wilhelm Erhard (4 February 1897 – 5 May 1977) was a German politician affiliated with the CDU and the second Chancellor of the Federal Republic of Germany (West Germany) from 1963 until 1966.

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Maastricht Treaty

The Treaty on European Union (TEU; also referred to as the Treaty of Maastricht is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on the Functioning of the European Union (TFEU; also referred to as the Treaty of Rome). The TEU was originally signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands to further European integration. On 9–10 December 1991, the same city hosted the European Council which drafted the treaty. Upon its entry into force on 1 November 1993 during the Delors Commission, it created the three pillars structure of the European Union and led to the creation of the single European currency, the euro. TEU comprised two novel titles respectively on Common Foreign and Security Policy and Cooperation in the Fields of Justice and Home Affairs, which replaced the former informal intergovernmental cooperation bodies named TREVI and European Political Cooperation on EU Foreign policy coordination. In addition TEU also comprised three titles which amended the three pre-existing community treaties: Treaty establishing the European Atomic Energy Community, Treaty establishing the European Coal and Steel Community, and the Treaty establishing the European Economic Community which had its abbreviation renamed from TEEC to TEC (being known as TFEU since 2007). The Maastricht Treaty (TEU) and all pre-existing treaties, has subsequently been further amended by the treaties of Amsterdam (1997), Nice (2001) and Lisbon (2009).

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Margaret Thatcher

Margaret Hilda Thatcher, Baroness Thatcher, (13 October 19258 April 2013) was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Michel Albert

Michel Albert (25 February 1930 – 19 March 2015) was a French economist.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

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Nazi Germany

Nazi Germany is the common English name for the period in German history from 1933 to 1945, when Germany was under the dictatorship of Adolf Hitler through the Nazi Party (NSDAP).

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Neoliberalism

Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

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Nordic model

The Nordic model (also called Nordic capitalism or Nordic social democracy) refers to the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland, the Faroe Islands and Sweden).

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Ordoliberalism

Ordoliberalism is the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential.

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Otto von Bismarck

Otto Eduard Leopold, Prince of Bismarck, Duke of Lauenburg (1 April 1815 – 30 July 1898), known as Otto von Bismarck, was a conservative Prussian statesman who dominated German and European affairs from the 1860s until 1890 and was the first Chancellor of the German Empire between 1871 and 1890.

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Planned economy

A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans.

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Polder model

The polder model (poldermodel) is consensus decision-making, based on the acclaimed Dutch version of consensus-based economic and social policy making in the 1980s and 1990s.

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Post-war consensus

The post-war consensus is a historian's model of political co-operation in post-war British political history, from the end of World War II in 1945 to the late-1970s, and its repudiation by Conservative Party leader Margaret Thatcher.

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Private property

Private property is a legal designation for the ownership of property by non-governmental legal entities.

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Public service

Public service is a service which is provided by government to people living within its jurisdiction, either directly (through the public sector) or by financing provision of services.

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Regulation

Regulation is an abstract concept of management of complex systems according to a set of rules and trends.

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Ronald Reagan

Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th President of the United States from 1981 to 1989.

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Social corporatism

Social corporatism (also called social democratic corporatism) is a form of economic tripartite corporatism based upon a social partnership between the interests of capital and labour, involving collective bargaining between representatives of employers and of labour mediated by the government at the national level.

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Social democracy

Social democracy is a political, social and economic ideology that supports economic and social interventions to promote social justice within the framework of a liberal democratic polity and capitalist economy.

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Social Democratic Party of Germany

The Social Democratic Party of Germany (Sozialdemokratische Partei Deutschlands, SPD) is a social-democratic political party in Germany.

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Social Market Foundation

The Social Market Foundation (SMF) is an independent British public policy think-tank based in Westminster, London.

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Social ownership

Social ownership is any of various forms of ownership for the means of production in socialist economic systems, encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity, common ownership and collective ownership.

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Social policy

Social policy is a term which is applied to various areas of policy, usually within a governmental or political setting (such as the welfare state and study of social services).

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Social security

Social security is "any government system that provides monetary assistance to people with an inadequate or no income." Social security is enshrined in Article 22 of the Universal Declaration of Human Rights, which states: Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.

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Socialism

Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them.

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Socialist economics

Socialist economics refers to the economic theories, practices, and norms of hypothetical and existing socialist economic systems.

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Socialist market economy

The socialist market economy (SME) is the economic system and model of economic development employed in the People’s Republic of China.

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Theodor Heuss

Theodor Heuss (31 January 1884 – 12 December 1963) was a liberal German politician who served as the first President of the Federal Republic of Germany (then West Germany) from 1949 to 1959.

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Third Way

The Third Way is a position akin to centrism that tries to reconcile right-wing and left-wing politics by advocating a varying synthesis of centre-right economic and centre-left social policies.

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Tony Blair

Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007.

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Totalitarianism

Benito Mussolini Totalitarianism is a political concept where the state recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible.

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Tripartism

Tripartism is economic corporatism based on tripartite contracts of business, labour, and state affiliations within the economy.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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Unemployment benefits

Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by the state or other authorized bodies to unemployed people.

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United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.

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Walter Eucken

Walter Eucken (17 January 1891 – 20 March 1950) was a German economist of the Freiburg school and father of ordoliberalism.

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Welfare

Welfare is a government support for the citizens and residents of society.

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Welfare capitalism

Welfare capitalism is capitalism that includes social welfare policies.

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Welfare state

The welfare state is a concept of government in which the state plays a key role in the protection and promotion of the social and economic well-being of its citizens.

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West Germany

West Germany is the common English name for the Federal Republic of Germany (FRG; Bundesrepublik Deutschland, BRD) in the period between its creation on 23 May 1949 and German reunification on 3 October 1990.

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Wilhelm Röpke

Wilhelm Röpke (October 10, 1899 – February 12, 1966) was Professor of Economics, first in Jena, then in Graz, Marburg, Istanbul, and finally Geneva, Switzerland, and one of the spiritual fathers of the social market economy, theorising and collaborating to organise the post-World War II economic re-awakening of the war-wrecked German economy, deploying a program sometimes referred to as the sociological neoliberalism (compared to ordoliberalism, a more sociologically inclined variant of German neoliberalism).

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William I, German Emperor

William I, or in German Wilhelm I. (full name: William Frederick Louis of Hohenzollern, Wilhelm Friedrich Ludwig von Hohenzollern, 22 March 1797 – 9 March 1888), of the House of Hohenzollern was King of Prussia from 2 January 1861 and the first German Emperor from 18 January 1871 to his death, the first Head of State of a united Germany.

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Wirtschaftswunder

The term Wirtschaftswunder ("economic miracle"), also known as The Miracle on the Rhine, describes the rapid reconstruction and development of the economies of West Germany and Austria after World War II (adopting an Ordoliberalism-based social market economy).

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Redirects here:

Rhenish Capitalism, Rhenish capitalism, Rhenish model, Rhine Capitalism, Rhine capitalism, Rhineland model, Rijnlands model, Social Market Economy, Social capitalism, Social market, Soziale Marktwirtschaft.

References

[1] https://en.wikipedia.org/wiki/Social_market_economy

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