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The Social Market After the Crash
Author(s) -
Mulheirn Ian
Publication year - 2013
Publication title -
the political quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.373
H-Index - 37
eISSN - 1467-923X
pISSN - 0032-3179
DOI - 10.1111/j.1467-923x.2013.12000.x
Subject(s) - economic rent , stewardship (theology) , crash , work (physics) , value (mathematics) , business , market mechanism , mechanism (biology) , economics , industrial organization , public economics , market economy , political science , engineering , politics , mechanical engineering , philosophy , epistemology , machine learning , computer science , law , programming language
Abstract Markets are powerful tools for reform in both the public and private realms. But those markets need careful design and stewardship if they are to work to create value rather than simply becoming a mechanism for distributing rents to private investors. SMF Director Ian Mulheirn examines how the social market framework offers the most cogent analysis of recent events and how it can be a vital guide for future policy.