The Social Market Economy - European and International Cooperation
Asset Publisher
Single title
The Social Market Economy
What does it really mean?
»Not the free market economy of the laissez-faire plundering of a bygone era […], but the socially responsible market economy that once again brings the individual to the fore, that places a high value on the person and that provides a fair return for work carried out, this is the modern version of the market economy …«
LUDWIG ERHARD, CDU PARTY CONFERENCE, RECKLINGHAUSEN, 28 AUGUST 1948
