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Germany through inflation and Recession: An object lesion in economic management 1973-1976

This study investigates in some detail how the Bundesrepublik dealt with the effects on its economy of the world recession in the mid-1970s when unemployment reached over one million, without falling back on large scale interventionism, nationalisation and controls of prices, wages, profits and investments; so far the principles of the social market economy remain intact, through undergoing evolutionary adaptations to new conditions.

Konrad Zweig - Wednesday 27th October 1976