*Bertelsmann Stiftung Policy Brief "Measuring the Modern Social Market Economy*

The ongoing economic crisis has vividly demonstrated that a laissez-faire approach towards economic policy entails serious flaws in terms of sustainable private and public finances, social cohesion and balanced growth. Markets need an appropriate framework allowing them to thrive and at the same time providing them structured regulations to prevent market failure. This is by no means a new insight. In the first half of the 20th century, German-speaking scholars like Walter Eucken and Alfred Müller-Armack have elaborated the concept of the "Social Market Economy". Building upon their ideas and transposing them to the contemporary economic environment, the Bertelsmann Stiftung is working on the concept of a 
"Modern Social Market Economy".

The attached Policy Brief "Measuring the Modern Social Market Economy" lays out the basic principles "Competitive and Efficient Market Allocation", "Efficient Property Rights", "Economic and Ecological Sustainability" and "Social Inclusion" that provide the foundations of a more balanced, stable and sustainable economic policy. 

This Policy Brief serves as the starting point for our empirical in-depth analysis and assessment of institutions and policies in industrialized countries – here focusing on the political relevance within the EU – that contribute to the Modern Social Market Economy . 

The results of a more comprehensive international, comparative study will be available at the end of this year.

Thomas Fischer

Executive Director

Brussels Office

Bertelsmann Stiftung

Policy Brief :

PolicyBrief 2012-04 Measuring the Modern Social Market Economy.pdf

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@MorganeBravo

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