Origins and essence of a socially-oriented market economy

Questions “Where are we going?” “What are we moving to?” are no longer perceived as painfully as before, since the main answer is known: “to a socially-oriented market economy.” However, in the wake of this answer, new questions arise: Where are the origins of the new economy? Who, where and when put forward such ideas? […]

Income distribution models

Market demand is determined on the basis of decisions that are made by many individuals, based on their needs and disposable incomes. But in order to distribute funds between various needs, it is necessary to somehow compare them. As a basis for comparing different needs at the end of the nineteenth century, economists adopted utility. […]