Working paper
The market turn: from social democracy to market liberalism
- Abstract:
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Social democracy and market liberalism offered different solutions to the same problem: how to provide for life-cycle dependency. Social democracy makes lateral transfers from producers to dependents by means of progressive taxation. Market liberalism uses financial markets to transfer financial entitlement over time. Social democracy came up against the limits of public expenditure in the 1970s. The 'market turn' from social democracy to market liberalism was enabled by easy credit in the 19...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Oxford Economic and Social History Working Papers
- Publication date:
- 2017-01-09
- Paper number:
- 149
Item Description
- Keywords:
- Pubs id:
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1143572
- Local pid:
- pubs:1143572
- Deposit date:
- 2020-12-14
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- Copyright date:
- 2017
- Rights statement:
- Copyright 2017 The Author(s)
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