The social market economy and German economic development
DOI:
https://doi.org/10.36322/jksc.v1i70.13587Keywords:
the social market economy, the German economic miracle, after the economic miracleAbstract
In light of the economic, political and social devastation after World War II, the German economic thought scene sought to find a basic starting point for treating National Socialism in West Germany, erasing the previous ideological Nazi period, and completely restructuring the economic community within the European project, which happened within the framework of the German economic miracle that had been achieved. After the Second World War, the revival and continuation of the liberal Urdu approach, the policy of Ludwig Erhard, and the sustainability of Armak until now, for Germany to be the fifth largest economy in the world and the largest European economy, accounting for one-fifth of the GDP of the European Union, the leader of European trade and an investment partner for the United States, and achieving A high standard of living for its inhabitants, which are logical consequences of the philosophical shift in making successful economic policies and their integration into a social market economy.
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