IDEAS home Printed from https://ideas.repec.org/p/zbw/aluord/0412.html
   My bibliography  Save this paper

Alfred Müller-Armack and Ludwig Erhard: Social Market Liberalism

Author

Listed:
  • Goldschmidt, Nils

Abstract

"Soziale Marktwirtschaft" (Social Market Economy) is the economic order that was established in Western Germany after 1945. It is not a precisely outlined theoretical system but more a cipher for a "mélange" of socio-political ideas for a free and socially just society and some general rules of economic policy. It is a decided liberal concept, based on individual freedom and the belief that well-functioning markets and competition lead to economic efficiency and by this, to economic development (or in the case of Germany, recovery) and social improvement. But in sharp distinction to the harmonious Smithian world of the "invisible hand", the "founding fathers" of the post-war economic order in Germany were convinced that the economic system must be guided by an "economic constitution" provided by the state.

Suggested Citation

  • Goldschmidt, Nils, 2004. "Alfred Müller-Armack and Ludwig Erhard: Social Market Liberalism," Freiburg Discussion Papers on Constitutional Economics 04/12, Walter Eucken Institut e.V..
  • Handle: RePEc:zbw:aluord:0412
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/4344/1/04_12bw.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Viktor J. Vanberg, 2004. "The Status Quo in Contractarian-Constitutionalist Perspective," Constitutional Political Economy, Springer, vol. 15(2), pages 153-170, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Giocoli, Nicola, 2008. "Competition vs. property rights: American antitrust law, the Freiburg School and the early years of European competition policy," MPRA Paper 33807, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:aluord:0412. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics). General contact details of provider: http://edirc.repec.org/data/euckede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.