Freedom with Responsibility: The Social Market Economy in Germany, 1918-1963 - Softcover

Nicholls, A. J.

Softcover

ISBN 10: 0198208529 ISBN 13: 9780198208525

Publisher: Oxford University Press, 2000

Synopsis

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." A.J. Nicholls examines the intellectual origins and history of the concept of the Social Market Economy, and its implementation in the difficult years of post-war devastation and recovery in West Germany. He traces the struggle of liberal economists to assert their ideas in the unfavorable circumstances from 1933 to 1948, when they triumphed with Erhard's implementation of a policy of liberalization following currency reform. The book analyzes the extent to which West Germany's economic success was due to Erhard's policies, and assesses his attempts to attain the goals of the social market up to 1963, when he became Federal Chancellor. Nicholls's study makes an important contribution to our understanding of the historical dynamics of the German economy and the political culture of the Federal Republic.

About this title

About the Author

Official Fellow of St Antony's College, Oxford, and University Lecturer in Modern History

Edition details

• Publisher: Oxford University Press
• Publication date: 2000
• Language: English
• ISBN 10: 0198208529
• ISBN 13: 9780198208525
• Binding: Paperback
• Number of pages: 436