ABSTRACT

The interdependence of its various subsystems is the main obstacle to the transfer of a given type of market economy to other countries. This is true both of the “model country” and of the “transforming country”, and the problem arises for both the economic system as a whole and its individual parts. In other words, a country’s economic system with all its ramifications is inseparably linked to the general social system and receives crucial-positive and negative-stimuli from it. Free collective bargaining in the labour market, for example, presupposes the political right of association, the dual system of vocational training requires a business community that is prepared to accept the social responsibility of training young people, and the independence of the Bundesbank is guaranteed only if the executive and legislature are willing to relinquish a substantial portion of the power they might otherwise wield over economic policy.