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Ludwig Wilhelm Erhard (German: [ˈluːtvɪç ˈʔeːɐ̯haʁt]; 4 February 1897 – 5 May 1977) was a German politician and economist affiliated with the Christian Democratic Union (CDU), and chancellor of West Germany from 1963 until 1966.
- Pushed Social Market Economy
- Economy Surged
- Named Economics Minister
- Further Reading
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Erhard's economic views were summarized in his advocacy of a "social market economy," which one author has called a "free economy with a social conscience." Erhard wished to use private initiative to rebuild the shattered German economy but to check it when it tended toward monopoly, cartelization, or extreme labor union demands. Erhard well unders...
The immediate effects of these Erhard-designed reforms on the German economy were dramatic. Another U.S. economist with occupation forces wrote that the "spirit of the country changed overnight. The gray, hungry, dead-looking figures wandering about the streets in their everlasting search for food came to life." On Monday, June 21, only a day after...
Immensely popular with the German people as a result of the economic reforms, Erhard joined Konrad Adenauer's Christian Democratic Union (CDU) only shortly before the first West German parliamentary election in 1949. When the party was victorious in those elections, Erhard became economics minister in the Adenauer government, in which post he remai...
There is no biography in English of Erhard and no major scholarly work in any language. There are informative discussions of Erhard in Arnold J. Heidenheimer, The Governments of Germany (1961; 2d ed. 1966). See also Michael Balfour, West Germany (1968), and Henry Walton, Germany (1969). Further information on Erhard may be found in Wayne C. Thompso...
Learn about Ludwig Erhard, the German politician who led the currency reform and price decontrol that sparked West Germany's postwar economic miracle. Find out his biography, achievements, and legacy in this comprehensive article.
Apr 30, 2024 · Ludwig Erhard (born February 4, 1897, Fürth, Germany—died May 5, 1977, Bonn, West Germany) was an economist and statesman who, as economics minister (1949–63), was the chief architect of West Germany’s post-World War II economic recovery.
Ludwig Erhard was the architect of the social market economy and the currency reform in West Germany. He was also a popular and influential leader in foreign policy, especially with the US and Israel.
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Ludwig Erhard, the West German Minister of Economics, advocated a \"social market economy\" as a third way between capitalism and socialism. He argued that economic growth, competition, and consumption were the keys to prosperity for all.
Learn about the life and achievements of Ludwig Erhard, the minister of economic affairs who led West Germany's post-World War II recovery. Discover how he abolished price controls, promoted a social market economy, and became chancellor.
Learn about Ludwig Erhard, the West German Economics Minister and Chancellor who implemented the social market economy and the economic miracle. Find out his achievements, challenges, and resignation in this concise overview.
