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Ludwig Erhard. 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. He is known for leading the West German postwar economic reforms and economic recovery ...
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. He served as German chancellor from 1963 to 1966.
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- Pushed Social Market Economy
- Economy Surged
- Named Economics Minister
- Further Reading
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...
Ludwig Erhard was an early advocate of a liberal, social economic order, both during his time as Minister of Economics and prior to that as Professor of Economics. In West Germany that led to an unbroken period of economic growth that lasted around one and a half decades. Germany became one of the world’s leading industrial and export nations.
In 1967, he founded the Ludwig-Erhard-Stiftung e.V. to embed his principles in economics and society on a permanent basis. In February 1977, on his 80th birthday, Ludwig Erhard was commended with a number of honors as the “father of the German economic miracle”. Ludwig Erhard died on May 5, 1977. After a state funeral on May 11, 1977 in the ...
Ludwig Erhard blieb nach seiner Zeit als Bundeskanzler noch elf Jahre Bundestagsabgeordneter. 1967 gründete er die Ludwig-Erhard-Stiftung, die seine wirtschaftswissenschaftlichen und Wirtschaftsordnungs-Vorstellungen wissenschaftlich und publizistisch weiter pflegen sollte.
Quick Reference. (b. 4 Feb. 1897, d. 5 May 1977). West German Economics Minister 1949–63; Chancellor 1963–6. A professor of economics and economic adviser to the US administration in Germany from 1945, Erhard is generally remembered as the ‘father of the German economic miracle’. He served as the economics director of the English‐ and ...
