In the course of the previous 20 years there has been a heated discussion with regards to the reasons for the German so-called Wirtschaftswunder (economic wonder) right after the 2nd Planet War. This debate came relatively unexpectedly, given that the German war era normally took it with no consideration the amazing development record from the fifties and 60s was a consequence of financial liberalization upon fifteen many years of tight planning and point out interventionism beneath the Nazi dictatorship.

Indeed, once the introduction with the Soziale Marktwirtschaft (social marketplace overall economy) in 1948, Ludwig Erhard, the first federal economics minister, experienced a legendary good reputation. Even so, Erhard by no means observed himself as the “miracle person.РІР‚СРРРВВР