Economics Dictionary of Arguments

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Author Item Summary Meta data
Mause I 101f
Neoclassical Synthesis/Samuelson: in the western world after the end of the Second World War, there was broad agreement that the market economy needed political embedding and that the nation states should be given sufficient scope to pursue their own (anti-cyclical) economic policies.
Components: (1) growing state social services, (2) a broad public sector, (3) full employment as a priority of state policy, employee participation within companies and (5) corporatist coordination of trade unions and employers' associations.
Post-war Economy/Samuelson: the "Neoclassical Synthesis" (1) founded by Samuelson forms the background for welfare capitalism (1945-1973 ((s) oil price shock 1973), which was later described by some authors (2) as the "Golden Age".
Samuelson: tried to reconcile the ideas of John Maynard Keynes with the conventional idea of an equilibrium of neoclassicism. ">"Mixed Economy".

1. Paul A. Samuelson, Foundations of economic analysis. Cambridge 1948.
2. A. Giddens, Europe in the global age, Cambridge 2007.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconSamu I
Paul A. Samuelson
The foundations of economic analysis Cambridge 1947

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018

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