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Are Third Way and Social Capitalism the same thing?
03-31-2014, 10:29 PM
Post: #4
Anjaree Offline
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No, they are not. Social capitalism is the addition of social variables into economic model which is based on the free market principle. It is developed by the Freiburg school with contribution of von Hayek. On the contrary, third way refers to political position which is in the middle of the right and left wing. India and Brazil for example are regarded as third way.
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[] - Richard B - 03-31-2014, 10:19 PM
[] - KNIGHT - 03-31-2014, 10:23 PM
[] - Anjaree - 03-31-2014 10:29 PM

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