Standard Texts on the Social Market Economy: Two Centuries of Discussion

achieve activities administration aims attempt authorities become benefits capital central certain competition completely consequences considerable constitutes consumers continuous contributions costs countries decisions demand dependent direction distribution economic policy economic system effect employment enterprises established example existence experience fact force freedom function fundamental future Germany greater groups growth hand human important income increase individual industry influence interest investment labour less liberal limited Management market economy means measures nature necessary objectives officials organization particular planning political position possible practice present principle problem production profit progress protection prove question reason regard regulations remains responsibility restrictions result risks rules sector situation social policy society stability structural supply task theory trade wages welfare whole workers