A whole range of economic solutions have been proposed in recent years in an endeavour to combat rising inflation. Of these, the discussion on a policy of gradualism vis-à-vis shock therapy has given rise to considerable controversy. In the light of this controversy the following article...

"The flow of goods, services, capital, current payments and other transactions of trade across frontiers … is fundamentally free …" - with these words begins the German Außenwirtschafts-Gesetz - AWG (Foreign Trade Act), Article Number One. After this Law had been passed in 1961, many...