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Social Democratic and Socialist Policies


  • John King


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

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    References listed on IDEAS

    1. Victor, Peter A. & Rosenbluth, Gideon, 2007. "Managing without growth," Ecological Economics, Elsevier, vol. 61(2-3), pages 492-504, March.
    2. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
    3. L. Randall Wray, 1998. "Modern Money," Macroeconomics 9810002, EconWPA.
    4. James Meade., "undated". "Agathotopia," Hume Papers 16, David Hume Institute.
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    More about this item


    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 - Economic Systems - - Socialist Systems and Transition Economies
    • P3 - Economic Systems - - Socialist Institutions and Their Transitions

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