1957: LUDWIG ERHARD’S ANNUS TERRIBILIS

1957: LUDWIG ERHARD’S ANNUS TERRIBILIS

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Since its inception in 1948, there has been considerable confusion about the nature of the social market economy built by Ludwig Erhard in West Germany. This article shows that Ludwig Erhard viewed the market itself as social and supported only a minimum of welfare legislation. It shows that Erhard...

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Bibliographic Details
Main Author: Alfred Mierzejewski
Format: Article
Language:English
Published: Economic & Business History Society 2004-06-01
Series:Essays in Economic and Business History
Online Access:https://www.ebhsoc.org/journal/index.php/ebhs/article/view/142
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spelling doaj-4aeed4d2e2144b6588d497088c7893fb2020-11-25T03:28:21ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X2004-06-0122117271421957: LUDWIG ERHARD’S ANNUS TERRIBILISAlfred MierzejewskiSince its inception in 1948, there has been considerable confusion about the nature of the social market economy built by Ludwig Erhard in West Germany. This article shows that Ludwig Erhard viewed the market itself as social and supported only a minimum of welfare legislation. It shows that Erhard suffered a series of decisive defeats in his effort to create a free, competitive economy in 1957. Thereafter, the West German economy evolved into a conventional welfare state.https://www.ebhsoc.org/journal/index.php/ebhs/article/view/142
collection DOAJ
language English
format Article
sources DOAJ
author Alfred Mierzejewski
spellingShingle Alfred Mierzejewski
1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
Essays in Economic and Business History
author_facet Alfred Mierzejewski
author_sort Alfred Mierzejewski
title 1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
title_short 1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
title_full 1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
title_fullStr 1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
title_full_unstemmed 1957: LUDWIG ERHARD’S ANNUS TERRIBILIS
title_sort 1957: ludwig erhard’s annus terribilis
publisher Economic & Business History Society
series Essays in Economic and Business History
issn 0896-226X
publishDate 2004-06-01
description Since its inception in 1948, there has been considerable confusion about the nature of the social market economy built by Ludwig Erhard in West Germany. This article shows that Ludwig Erhard viewed the market itself as social and supported only a minimum of welfare legislation. It shows that Erhard suffered a series of decisive defeats in his effort to create a free, competitive economy in 1957. Thereafter, the West German economy evolved into a conventional welfare state.
url https://www.ebhsoc.org/journal/index.php/ebhs/article/view/142
work_keys_str_mv AT alfredmierzejewski 1957ludwigerhardsannusterribilis
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