Owing to its strong dependence on exports, Germany was among the economies hit hardest by the financial crisis. But unlike almost all other countries, Germany emerged from the crisis quickly and stronger than before. What lies behind this success story, if at all it is one? The commonplace –...

In The State and the Economic Process, a distinguished group of economists provides – through a comparison of postwar economic performance and policies – sound analytical support and historical evidence in favour of vigorous market guiding policies. These include targeting strategic...