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Freedom with ResponsibilityThe Social Market Economy in Germany 1918-1963$
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A. J. Nicholls

Print publication date: 2000

Print ISBN-13: 9780198208525

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198208525.001.0001

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(p.1) Introduction
Freedom with Responsibility

A. J. Nicholls

Oxford University Press

This book discusses the concept of social market economy, ‘socialism with a human face’, a form of liberalized collectivism. It cites examples from former Communist countries, specifically, the case of the social market economy in West and East Germany. It also highlights problems encountered with the introduction of free-market capitalism. The book elaborates various socio-economic theories and emphasizes that the issues of mass unemployment and working-class alienation are present even today as they were during the Great Depression. The concept of corporatism and its impact on Germany's economic society is also discussed.

Keywords:   social market economy, free-market capitalism, mass unemployment, working-class alienation, corporatism, Germany

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