Freytag, Andreas; Schnabl, Gunther - In: Credit and Capital Markets – Kredit und Kapital 50 (2017) 2, pp. 151-169
of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and Müller …-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and Europe as a whole … welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a timely exit …