Social Security as a Public Value - A multidisciplinary inquiry into the foundations of the regulatory welfare state

Our social security systems face many challenges. Economic crises, the ageing of the population and changing employment patterns call for a reorientation of policies. In the last few decades the introduction of private elements has often been advocated as a way forward. This privatisation gives rise to new questions. What are the public interests that call for government responsibility? What can be regarded as the public interest in our social security systems? What are the mechanisms that safeguard these interests and what is the role of public and private regulation? This multidisciplinary study approaches these questions from the point of view of economics, public administration, law and philosophy. The major conclusion is that a strict public-private distinction is a dead end. It is important that we gain more understanding of mixed public-private governance structures. This requires, first of all, further research into the normative and theoretical foundations of ‘social markets’.