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06.02.2008

From the Social to the Socialist Market Economy - Governance in Germany after 1945

Round of talks with Dr. Michael von Prollius

The social market economy was a trademark for a miraculous reconstruction after the Second World War with a steadily growing prosperity to the beginning of the seventies. Today especially, from this regulatory model of the political slogan "social market economy," it remains based on the regulatory model of state-led economic welfare.  

 

The development of the social market economy is a story of rise and fall of a regulatory idea. It begs the questions: How did this idea come about? How important is it for German economic development? And what, if any, of the socialist market ideology has been replaced? Answers to these questions offer a look at the history of German economic and regulatory policy. At the same time, there are also demands for a restructuring of the economy and society in Germany.  

 

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Ludwig von Mises (1881-1973)

"All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out."

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