The Social Market Economy - Direction de la coopération européenne et internationale
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Titre unique
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
