EU as a Highly Competitive Social Market Economy –Goal, Options, and Reality
Šmejkal Václav () and
Šaroch Stanislav ()
Additional contact information
Šaroch Stanislav: ŠKODA AUTO Vysoká Škola o.p.s., Na Karmeli 1457, 293 01, Mladá Boleslav
Review of Economic Perspectives, 2015, vol. 14, issue 4, pages 393-410
In paragraph 3 of its Article 3, the Treaty on European Union (TEU) requires the EU to go after the goal of a highly competitive social market economy for the first time. It is noticeable in the aforementioned Treaty clause that although it deals with the EU internal market, its authors burdened it with a mission that is far more socially-oriented than market-oriented. However, is „a highly competitive social market econo-my“ of today a meaningful goal and does the EU in its present form have the project and powers to achieve such an objective? The paper is a combination of economic and legal -political analysis through which the authors try to answer three main questions: What is the contemporary meaning of the term “social market economy” in the both economic and EU-law academic theory? Can the EU within the powers conferred to it positively fulfill such an objective, or can it just approach it by weakening the still pre-vailing tendency towards liberalization and deregulation brought about by the construc-tion of the EU internal market and by the promotion of its freedoms?
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/revecp.2014.14.is ... -0006.xml?format=INT (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:vrs:reoecp:v:14:y:2015:i:4:p:393-410:n:5
Access Statistics for this article
Review of Economic Perspectives is currently edited by Antonín Slaný
More articles in Review of Economic Perspectives from De Gruyter Open
Series data maintained by Peter Golla ().