Ludwig Erhard

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Erhard, Ludwig


Born Feb. 4, 1897, in Fürth; died May 5, 1977, in Bonn. State and political figure of the Federal Republic of Germany (FRG).

An economist by profession, Erhard received his doctorate from the University of Frankfurt. From 1928 to 1942 he was first a staff member and later the director of the Institute of Economic Studies in Nuremberg. He was minister of economics of Bavaria in 1945 and 1946. In 1948 and 1949, he served as the director of the economic council for the Anglo-American occupation zone of Germany. A member of the Christian Democratic Union (CDU), he was elected a deputy to the Bundestag for the first time in 1949. He held the post of minister of economics of the FRG from 1949 to 1963 and that of vice-chancellor from 1957 to 1963. As federal chancellor from 1963 to 1966, Erhard for the most part continued the policies established by K. Adenauer. He served as chairman of the CDU in 1966 and 1967; he was named honorary chairman in 1967. In his role as a public figure and as a writer on economic problems, Erhard advocated the development of a social market economy.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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In his bestselling book with the optimistic and reassuring title, We, are better than we think, Bofinger extensively refers to the legacy of Ludwig Erhard. (This is upsetting to Germany's mighty business-financed reform lobby that has made Erhard's legacy of "social market economy" its central theme.) Bofinger tried to show that Erhard's major concern was "prosperity for all." To achieve this, Germany's first economic minister favored higher wages, consumers unafraid to shop, and enterprises that are investing and creating new jobs in their country.
In his bestselling book, We are better than we think, economist Peter Bofinger extensively refers to the legacy of the legendary Ludwig Erhard [left], the architect of Germany s post-war "economic miracle" (Wirtschaftswunder) and its special blend of "social market economy." (This is upsetting to Germany's mighty business-financed reform lobby that has made Erhard's legacy of "social market economy" its central theme.) Bofinger tried to show that Erhard's major concern was "prosperity for all." Erhard would turn in his grave over a German economic policy that in effect lead to "prosperity for a few."
Ludwig Erhard, Germany's first post-war economics minister and later chancellor (1963-66).
Nicholls traces the post-1929 efforts of certain individuals, including Walter Eucken, Wilhelm Ropke, Alexander Rustow, Alfred Muller-Armack, and Ludwig Erhard, to bolster the intellectual respectability of market economies.
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