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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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The SPD and the Triumph of Reform

The SPD and the Triumph of Reform

(p.367) 16 The SPD and the Triumph of Reform
Freedom with Responsibility

A. J. Nicholls

Oxford University Press

This chapter focuses on the success of the economic reforms of the Social Democratic Party of Germany (SPD). The balance of forces in the SPD due to the favour of the social market economy was the growing importance of the party's parliamentary delegation in Bonn. The prominent aims of the SPD's economic policy were full employment, the just distribution of wealth, and the stability of the currency. They made efforts to reform the value systems, the nature of human freedom, social justice, and socialism itself. Progress was extremely slow, but they moved steadily away from the certainties of class conflict into the fuzzier area of ethical socialism and social justice.

Keywords:   Social Democratic Party of Germany, economic reforms, ethical socialism, social justice, currency reform

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