social democracy

Ben Jackson
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Social democracy refers to a political theory, a social movement or a society that aims to achieve the egalitarian objectives of socialism while remaining committed to the values and institutions of liberal democracy. This article examines the historical development of all three forms of social democracy. It shows that social democracy was one of the most creative and durable influences on the politics and economics of the advanced industrialized nations during the 20th century and that, in spite of some setbacks, it retains a distinctive political agenda for the future.
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How to cite this article

Jackson, Ben. "social democracy." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 17 January 2018 <> doi:10.1057/9780230226203.1553

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