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Soziale Marktwirtschaft damals und heute

Author

Listed:
  • Schnabl Gunther

    (Universität LeipzigInstitut für WirtschaftspolitikGrimmaische Straße 12, 04159LeipzigDeutschland)

Abstract
The German currency reform on 20 June 1948, together with a comprehensive liberalization of prices as well as monopoly control formed the basis for the post-war West German economic miracle, which became the economic backbone of the European integration process. 70 years later, little remains of the basic principles of the social market economy. An increasingly expansive monetary policy of the European Central Bank undermines competition, growth and social cohesion in Europe, which puts political stability at risk. To ensure economic, political and social stability in Europe, a return to the principles of Walter Eucken und Ludwig Erhard is necessary.

Suggested Citation

  • Schnabl Gunther, 2020. "Soziale Marktwirtschaft damals und heute," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 69(1), pages 1-24, May.
    • Handle: RePEc:lus:zwipol:v:69:y:2020:i:1:p:1-24:n:1
    DOI: 10.1515/zfwp-2019-2019
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    References listed on IDEAS

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    More about this item

    Keywords

    Currency reform; economic reform; economic order; Ludwig Erhard; Walter Eucken; European Integration; European Central Bank; democracy; inequality; social market economy;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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