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The European Union And Economic Decline: Why We Need Another Ludwig Erhard

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  • Gisela Stuart

Abstract

In the context of the election of a woman Chancellor of Germany, it is often suggested that Angela Merkel could prove to be ‘Germany's Thatcher’. But the example of the sort of leadership that is required in Germany comes not from the UK but from Germany itself. Germany needs another Ludwig Erhard. His message that free and open markets allow outsiders to come into the market economy and prosper, and his claim that markets did not need to be made ‘social’ because they are inherently ‘social’, should be understood and applied by politicians throughout the EU – including in the UK.

Suggested Citation

  • Gisela Stuart, 2006. "The European Union And Economic Decline: Why We Need Another Ludwig Erhard," Economic Affairs, Wiley Blackwell, vol. 26(3), pages 62-66, September.
  • Handle: RePEc:bla:ecaffa:v:26:y:2006:i:3:p:62-66
    DOI: 10.1111/j.1468-0270.2006.00651.x
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    Cited by:

    1. Julius M. Walecki, 2007. "Changing Business Environments, International Trade And Regional Integration: Who Needs Cafta?," Economic Affairs, Wiley Blackwell, vol. 27(2), pages 73-77, June.

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