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THE GERMAN ECONOMIC MIRACLE AS A RESULT OF IMPLEMENTATION OF THE ORDO-LIBERAL ECONOMIC POLICY - A CRITICAL ANALYSIS (Niemiecki 'cud gospodarczy' jako efekt realizacji ordo-liberalnej polityki gospodarczej - analiza krytyczna)

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Giza W.

Optimum. Studia Ekonomiczne

2011

issue 4(52)

107-118

The aim of this study is to analyze the causes of the German economic miracle (Wirtschaftswunder) in the era of L. Erhard, in the context of economic theory and economic history. In the present study, it has been attempted to justify the thesis that this success was made possible not only through an effective policy of economic order, but also due to conditions specific economic, social and political conditions in the world after World War II. Erhard's policy, which promoted the economic order, but denied the state intervention in the management process, proved to become remarkably effective in those circumstances. There remains an open question whether Erhard's policy of economic order would achieve such a spectacular success in the different socio- economic conditions.

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1 Optimum. Studia Ekonomiczne

1 Giza W.

1 2011

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THE GERMAN ECONOMIC MIRACLE AS A RESULT OF IMPLEMENTATION OF THE ORDO-LIBERAL ECONOMIC POLICY - A CRITICAL ANALYSIS (Niemiecki 'cud gospodarczy' jako efekt realizacji ordo-liberalnej polityki gospodarczej - analiza krytyczna)