• The EuroAtlantic Union Review

Cacucci Editore
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Latest documents

  • A New European Policy for Development: the Defense Piece
  • Defence as an Engine of European Political Integration
  • Towards a European Party System
  • The EuroAtlantic Union Review
  • The Need for a Social Market Economy
  • A Stable Economic System for Europe
  • Social Market Economy and the Future of European Unification

    Europe and the world are now facing one another with two opposing visions containing a series of forces and ideas. A first perspective asserted itself in the last part of the XX century and resulted in globalisation, radical liberism (market without institutions) and relativism. A second perspective is appearing now as a convergence of new ideals, and includes a new humanism, a Social Market Economy, neo-liberalism (orderly relations between State and markets), human rights, federalism and subsidiarity. Europe can develop a new economic, social and institutional order, in this second perspective. Rules are called upon to guarantee the orderly development of this new Europe. Monetary Union has already approved rules aimed at guaranteeing the management of inflation and State deficits while respecting subsidiarity. Economic Union will be called upon to develop this approach extending it to sovereign debt and means for development.

  • The Social Market Economy. Incipiency and Topicality of an Economic and Social Policy for a European Community

    This contribution on the economic reconstruction of post-war West Germany traces the development of ideas about economic and socio-political publicity, and their gradual absorption by mainstream politicians, officials and the general public during the period of transition between 1945 and 1949. In those years, several German think tanks, political parties and individuals gave impulse to and then shaped the development of a viable socio-political and economic model between the extremes of laissez-faire capitalism and the collectivist planned economy. In their endeavours to bring into effect their particular economic ideas - often diametrically opposed to one another - the parties of left and right stimulated not only academic and political but also public debate about the political and economic reconstruction of occupied post-war Germany. While all the various neoliberal approaches attached to the people sovereign and decisive status in the institutional economic order, and recognised the interdependence of politics, economics and the public, one particular school of economic thought outpaced the others in communicating a model of coordinated economic and social policy, namely the Social Market Economy.

  • Social Market Economy and the European Union. Ordnungspolitik during the Crisis

    Although the notion Ordnungspolitik still remains foreign to many Europeans, it could be seen as a leitmotiv of Social Market Economy. The history of European integration has not followed Röpke’s ideal of "bottom-up integration", of liberalism and charity that begins "at home". However, European integration has to some extent been successful in terms of Ordnungspolitik. This is mainly thanks to the handover of responsibilities such as open markets and the protection of competition to largely independent bodies (such as the European Commission and the ECJ). However, in the area of fiscal and monetary policy, self-commitment via Treaties (the Stability and Growth Pact) and delegation (ECB) has proven itself to be inadequate and lacking in credibility. Thereby, the current crisis of confidence can be resolved only through more credible selfcommitment to the principles of Ordnungspolitik. Today we face the danger of confuse integration with standardisation and a politically correct view held during top-level discussions on European policy. But we should not forget Röpke’s warning that interventionist centralisation could turn into "an explosive tool for disintegration".

  • The Social Market Economy - Assembled in Germany, Not Made in Germany!

    While the concept of the Social Market Economy has a "Made in Germany" image, "Assembled in Germany" is more correct. A "made in" claim requires that a particular product and all of its components originate from the country. This is not true for the Social Market Economy. Instead, Social Market Economics is a utility model that has incorporated lessons from both international economic history and the international history of economic thought. This article provides an overview of these lessons. It concludes that re-emphasizing the many international influences of and parallels and differences to other political-economic theories is necessary to reposition Social Market Economic thought as the only real-world alternative to the romanticisms of socialism, unfettered market liberalism, and economic macro-management.

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