Where did Ludwig Erhard adopt the social market economy from?
USA
China
Walter Eucken
France
Answer
Walter Eucken was a German economist who is considered to be the founder of the social market economy. Ludwig Erhard, the first Chancellor of the Federal Republic of Germany, adopted the social market economy as the foundation for the economic policies of his government. The social market economy is a free-market economy that is regulated by the government in order to ensure that it operates in a socially responsible manner.
Mastering the Legacy: The Phenomenal Ludwig Erhard
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox