Arbeitspapier
A new societal contract
This paper argues that the traditional societal contract that underlies the market economy has run its course and needs to be replaced by a new contract, based on a new conception of the "empowering economy." Whereas different societal contracts are relevant to different societies, there must be some features that all societal contracts will have in common, in order to address some basic human needs that every thriving society must satisfy and to promote popular approval for multilateral agreements to address multilateral problems. The paper proposes a new societal contract that promotes three building blocks of economic policies: (1) automatic stabilizers that reduce inequalities of economic power, (2) policies that focus not just on material prosperity, but also on personal and social empowerment and (3) policies that develop the human capabilities of cooperation and innovation.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2019-35
- Klassifikation
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Capitalist Systems: Planning, Coordination, and Reform
Capitalist Enterprises
Capitalist Systems: Political Economy
Other Economic Systems: Planning, Coordination, and Reform
Other Economic Systems: Performance and Prospects
Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
Comparative Analysis of Economic Systems
- Thema
-
societal contract
empowerment
social cohesion
inequality
cooperation
innovation
free markets
welfare state
incentives
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Snower, Dennis J.
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Snower, Dennis J.
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2019
Ähnliche Objekte (12)
A new societal contract
The Societal Responses to Covid-19: Evidence from the G7 Countries
The Socio-Economics of Pandemics Policy
The socio-economics of pandemics policy
Beyond capital and wealth: Challenges of the G20
Causes of changing earnings inequality
Inequality of earnings
Dynamic environmental targets and technological progress
Toward global paradigm change: Beyond the crisis of the liberal world order
The low-skill, bad-job trap
Quadratic labor adjustment costs and the New-Keynesian model
The firm as a pool of factor complementarities
A new societal contract
The Societal Responses to Covid-19: Evidence from the G7 Countries
The Socio-Economics of Pandemics Policy
The socio-economics of pandemics policy
Beyond capital and wealth: Challenges of the G20
Causes of changing earnings inequality
Inequality of earnings
Dynamic environmental targets and technological progress
Toward global paradigm change: Beyond the crisis of the liberal world order
The low-skill, bad-job trap
Quadratic labor adjustment costs and the New-Keynesian model
The firm as a pool of factor complementarities
A new societal contract
The Societal Responses to Covid-19: Evidence from the G7 Countries
The Socio-Economics of Pandemics Policy
The socio-economics of pandemics policy
Beyond capital and wealth: Challenges of the G20
Causes of changing earnings inequality
Inequality of earnings
Dynamic environmental targets and technological progress
Toward global paradigm change: Beyond the crisis of the liberal world order
The low-skill, bad-job trap
Quadratic labor adjustment costs and the New-Keynesian model