Freedom with Responsibility: The Social Market Economy in Germany 1918-1963 by A. J. Nicholls

Freedom with Responsibility: The Social Market Economy in Germany 1918-1963

byA. J. Nicholls

Paperback | April 15, 2000

not yet rated|write a review

Pricing and Purchase Info

$140.40 online 
Earn 702 plum® points

Ships within 1-3 weeks

Ships free on orders over $25

Not available in stores


This book goes behind the success story of the Federal Republic of Germany since the Second World War to examine the principles underpinning the so-called 'economic miracle'. West Germany's Economics Minister, Ludwig Erhard, maintained that his Social Market Economy worked because it consistedof sound economic principles applied with common sense and consistency. It was a serious attempt to harness the dynamic forces of free-market competition while avoiding the damaging social problems created by unfettered laissez-faire. A. J. Nicholls examines the intellectual origins and history of the concept of the Social Market Economy, and its implementation in the difficult years of post-war devastation and recovery in West Germany. He traces the struggle of liberal economists to assert their ideas in the unfavourablecircumstances from 1933 to 1948, when they triumphed with Erhard's implementation of a policy of liberalization following currency reform. The book analyses the extent to which West Germany's economic success was due to Erhard's policies, and assesses his attempts to attain the goals of the socialmarket up to 1963, when he became Federal Chancellor. The Social Market Economy remains the official policy of the Federal Republic today, and must face up to new challenges in the former German Democratic Republic. A. J. Nicholls's study makes an important contribution to our understanding of the historical dynamics of the German economy and thepolitical culture of the Federal Republic.

About The Author

Official Fellow of St Antony's College, Oxford, and University Lecturer in Modern History
One Day
One Day

by David Nicholls


In stock online

Available in stores


by David Nicholls


Ships within 1-2 weeks

Available in stores

Shop this author

Details & Specs

Title:Freedom with Responsibility: The Social Market Economy in Germany 1918-1963Format:PaperbackPublished:April 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198208529

ISBN - 13:9780198208525

Look for similar items by category:

Customer Reviews of Freedom with Responsibility: The Social Market Economy in Germany 1918-1963