Has Western Germany a liberal market economy?
The article takes a definite stand in favour of an economic policy based on a free market and price mechanism, which the author considers the most appropriate type of “economic order” for the solution of the two major problems facing post-war Germany, namely the development of exports and capital fo...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-09-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12713 |
| _version_ | 1811172306477645824 |
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| author | K.F. MAIER |
| author_facet | K.F. MAIER |
| author_sort | K.F. MAIER |
| collection | DOAJ |
| description | The article takes a definite stand in favour of an economic policy based on a free market and price mechanism, which the author considers the most appropriate type of “economic order” for the solution of the two major problems facing post-war Germany, namely the development of exports and capital formation. The steps in this direction started in 1948 - which account, in the author’s opinion, for the surprising revival experienced by production and exports - have been, however, halted half-way. Thus, the author concludes that “Western Germany does not have a free market economy but something half-way towards such an economy; and this half-way position is not liberal, and is not intended to be so. What it is intended to be is a social market economy, and what it is in danger of becoming is a centrally directed economy”.
JEL: P10, P30
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| first_indexed | 2024-04-10T17:27:46Z |
| format | Article |
| id | doaj.art-1bff8efe104e425d8d10c92817f2b6b1 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:27:46Z |
| publishDate | 2014-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-1bff8efe104e425d8d10c92817f2b6b12023-02-03T16:50:42ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-09-0152010.13133/2037-3643/12713Has Western Germany a liberal market economy?K.F. MAIERThe article takes a definite stand in favour of an economic policy based on a free market and price mechanism, which the author considers the most appropriate type of “economic order” for the solution of the two major problems facing post-war Germany, namely the development of exports and capital formation. The steps in this direction started in 1948 - which account, in the author’s opinion, for the surprising revival experienced by production and exports - have been, however, halted half-way. Thus, the author concludes that “Western Germany does not have a free market economy but something half-way towards such an economy; and this half-way position is not liberal, and is not intended to be so. What it is intended to be is a social market economy, and what it is in danger of becoming is a centrally directed economy”. JEL: P10, P30 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12713Post-war GermanyWestern Germanyfree market economy |
| spellingShingle | K.F. MAIER Has Western Germany a liberal market economy? PSL Quarterly Review Post-war Germany Western Germany free market economy |
| title | Has Western Germany a liberal market economy? |
| title_full | Has Western Germany a liberal market economy? |
| title_fullStr | Has Western Germany a liberal market economy? |
| title_full_unstemmed | Has Western Germany a liberal market economy? |
| title_short | Has Western Germany a liberal market economy? |
| title_sort | has western germany a liberal market economy |
| topic | Post-war Germany Western Germany free market economy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12713 |
| work_keys_str_mv | AT kfmaier haswesterngermanyaliberalmarketeconomy |