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

Author:Marcus Marktanner
Position::Kennesaw State University, USA

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 ... (see full summary)

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