The Fading Miracle Four Decades of Market Economy in Germany [Paperback]

This updated paperback edition describes West German economic policy from the late 1940s to the present.Emphasizing the major controversies and decisions, this account of economic policy in West Germany from the late 1940s up to the present includes the new challenges presented by the unification of the two German states in 1990 and places particular emphasis on characteristically German institutions.Emphasizing the major controversies and decisions, this account of economic policy in West Germany from the late 1940s up to the present includes the new challenges presented by the unification of the two German states in 1990 and places particular emphasis on characteristically German institutions.This book provides a lucid account of economic policy in West Germany from the late 1940s up to the present, including the new challenges presented by the unification of the two German states in 1990. The authors describe and evaluate the major policy controversies and decisions, and place particular emphasis on the characteristically German institutions of policy counseling and their role in policy formation.Preface; 1. Stylised facts 19481989; 2. 19451948: establishing a liberal order; 3. 19481960: spontaneous growth; 4. 19601973: towards managed growth; 5. 19731989: Facing the slowdown; 6. Two cheers for German unification; 7. A new miracle?; References. ...a readable overview of West German economic policy from the end of the Second World War to German unification in 1990 that is densely packed with information. German Studies Review ...a fine and useful summary of West Germany's recent economic history. Journal of Economic History ...the sensible economic thought at the heart of this volume should serve as a sound basis for further work in politics and economics. For this purpose, it is indispensable. Andrew Moravcsik, German Politics and Society