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Freedom with Responsibility – The Social Market Economy in Germany 1918-1963 - Oxford Scholarship Online
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Freedom with Responsibility: The Social Market Economy in Germany 1918-1963

A. J. Nicholls


This book goes behind the success story of the Federal Republic of Germany since the Second World War to examine the principles underpinning the so-called ‘economic miracle’. West Germany's Economics Minister, Ludwig Erhard, maintained that his social market economy worked because it consisted of sound economic principles applied with common sense and consistency. It was a serious attempt to harness the dynamic forces of free-market competition while avoiding the damaging social problems created by unfettered laissez-faire. The book examines the intellectual origins and history of the concept ... More

Keywords: Federal Republic of Germany, economic, Ludwig Erhard, social market economy, free-market competition, laissez-faire

Bibliographic Information

Print publication date: 2000 Print ISBN-13: 9780198208525
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780198208525.001.0001


Affiliations are at time of print publication.

A. J. Nicholls, author
St Antony's College, Oxford