What is Social Market Economy

This work deals with the Socioeconomics of Solidarity analyzed from a double public and private perspectives. The chapter begins with the guiding principles of this emerging economic thought based on the principle of subsidiarity, the search for the Common Good, and the necessary solidarity based on justice. After having grounded these principles, the author develops different solidarity-based public policies, mainly focused on the European Union, by including principles, objectives and stages of the European Official Development Aid, the European Development Fund, and the Common Framework for Joint Multiannual Programming and Efficiency. This analysis is complemented with the ideas rooted on the Socioeconomics of Solidarity that is analyzed following a private perspective, arguing that it is necessary to re-launch these School of Thought based on solidarity and justice to search for an economic world characterized by social welfare and economic wealth.