- Titel
- Seventy-five years West German currency reform
- Untertitel
- Crisis as catalyst for the erosion of the market order
- Zitierfähige Url:
- https://nbn-resolving.org/urn:nbn:de:bsz:15-qucosa2-1010097
- Quellenangabe
- Kyklos : international review for social sciences
Erscheinungsjahr: 2023
Jahrgang: 77
Heft: 1
Seiten: 77-96
ISSN: 0023-5962
E-ISSN: 1467-6435 - Erstveröffentlichung
- 2023
- Abstract (EN)
- The paper analyzes the role of the 1948 currency and eco- nomic reform in West Germany for growth and social cohe- sion in Germany and Europe. It describes the theoretical foundation by Walter Eucken and the implementation and defense of the new economic order by Ludwig Erhard. The paper stresses the positive impact of the market economy on growth and welfare in Germany and Europe. Then, it is shown that Eucken's constituting principles of the market economy were gradually eroded after euro introduction in course of crises, with the negative repercussions on growth and equality being explained. The policy conclusion is that only the reconstitution of price stability in the euro area can prevent a further decline of welfare in Europe. The 1948 economic reforms provide an important blueprint for the necessary reform process.
- Andere Ausgabe
- Erstveröffentlichung
DOI: 10.1111/kykl.12359
Link: https://onlinelibrary.wiley.com/doi/10.1111/kykl.12359 - Freie Schlagwörter (EN)
- RIVATE PROPERTY, POLITICAL PROPERTY, STABILITY IN GERMANY, STABILITY IN EUROPE
- Klassifikation (DDC)
- 300
- Verlag
- Wiley-Blackwell, Oxford
- Version / Begutachtungsstatus
- publizierte Version / Verlagsversion
- URN Qucosa
- urn:nbn:de:bsz:15-qucosa2-1010097
- Veröffentlichungsdatum Qucosa
- 12.12.2025
- Dokumenttyp
- Artikel
- Sprache des Dokumentes
- Englisch
- Lizenz / Rechtehinweis
