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The Social Market Economy as a Feasible Policy Option for Latin Countries

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  • Marcelo Resico
  • Stefano Solari

Abstract

The growth model of the German economy draws its guiding theoretical principles from the soziale Marktwirtschaft (SMW) and the seminal work of the German economist Alfred M?ller-Armack. The first part of this paper discusses the precise characteristics of German neoliberal theories and the SMW in particular. The second part explores the policy history of Argentina and Italy and the exportability of the SMW to such Latin countries. The relation between countries? economic structure and the reforms needed to achieve such an economic order is analysed.

Suggested Citation

  • Marcelo Resico & Stefano Solari, 2016. "The Social Market Economy as a Feasible Policy Option for Latin Countries," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(2), pages 27-52.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2016-002002
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    References listed on IDEAS

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    Cited by:

    1. Werner Bonefeld, 2018. "Stateless Money and State Power: Europe as ordoliberal Ordnungsgef?ge," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2018(1), pages 5-26.

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    More about this item

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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