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Social Democratic and Socialist Policies

Author

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  • John King

Abstract

In this Working Paper, also an entry for the International Encyclopedia of Public Policy, John King begins with a brief discussion of the meaning of ‘socialism’ and ‘social democracy,’ from their nineteenth-century origins down to the present day. He then discusses socialist economic policies under six headings: the case for public ownership; the importance of macroeconomic stability; the demands of social justice; arguments for tax reform; the need for environmental sustainability; and the obligation to exercise international responsibility. He concludes that socialist and social democratic policies offer a genuine intellectual alternative to neoliberalism.

Suggested Citation

  • John King, 2009. "Social Democratic and Socialist Policies," Working Papers wp191, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:periwp:wp191
    as

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    File URL: https://per.umass.edu/fileadmin/pdf/working_papers/working_papers_151-200/WP191.pdf
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    References listed on IDEAS

    as
    1. Philip Arestis, 1986. "Post-Keynesian Economic Policies: The Case of Sweden," Journal of Economic Issues, Taylor & Francis Journals, vol. 20(3), pages 709-723, September.
    2. L. Randall Wray, 1998. "Modern Money," Economics Working Paper Archive wp_252, Levy Economics Institute.
    3. Thomas Palley, 2004. "Asset-based reserve requirements: reasserting domestic monetary control in an era of financial innovation and instability," Review of Political Economy, Taylor & Francis Journals, vol. 16(1), pages 43-58.
    4. Paul Davidson, 2002. "Financial Markets, Money and the Real World," Books, Edward Elgar Publishing, number 2467.
    5. Victor, Peter A. & Rosenbluth, Gideon, 2007. "Managing without growth," Ecological Economics, Elsevier, vol. 61(2-3), pages 492-504, March.
    6. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
    7. L. Randall Wray, 1998. "Understanding Modern Money," Books, Edward Elgar Publishing, number 1668.
    8. James Meade., "undated". "Agathotopia," Hume Papers 16, David Hume Institute.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Manby, Bronwen, 2021. "The Sustainable Development Goals and ‘legal identity for all’: ‘First, do no harm’," World Development, Elsevier, vol. 139(C).

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    More about this item

    Keywords

    social democracy; economic policy;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions

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