Alfred Müller-Armack
Encyclopedia
Alfred Müller-Armack was a German
economist
and politician
.
He was professor of economics at University of Münster
and University of Cologne
. Müller-Armack coined the term "social market economy
" in 1946.
Müller-Armack was a central figure of the Cologne school. He always pointed out that the economy had to serve humanity
. A regulatory environment should provide the basis for a form of competition that was to the best for all people.
After 1952, he worked in the economic ministry under Ludwig Erhard
(CDU
) as section chief of the newly founded planning section (Grundsatzabteilung).
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
.
He was professor of economics at University of Münster
University of Münster
The University of Münster is a public university located in the city of Münster, North Rhine-Westphalia in Germany. The WWU is part of the Deutsche Forschungsgemeinschaft, a society of Germany's leading research universities...
and University of Cologne
University of Cologne
The University of Cologne is one of the oldest universities in Europe and, with over 44,000 students, one of the largest universities in Germany. The university is part of the Deutsche Forschungsgemeinschaft, an association of Germany's leading research universities...
. Müller-Armack coined the term "social market economy
Social market economy
The social market economy is the main economic model used in West Germany after World War II. It is based on the economic philosophy of Ordoliberalism from the Freiburg School...
" in 1946.
Müller-Armack was a central figure of the Cologne school. He always pointed out that the economy had to serve humanity
Human Race
Human Race refers to the Human species.Human race may also refer to:*The Human Race, 79th episode of YuYu Hakusho* Human Race Theatre Company of Dayton Ohio* Human Race Machine, a computer graphics device...
. A regulatory environment should provide the basis for a form of competition that was to the best for all people.
After 1952, he worked in the economic ministry under Ludwig Erhard
Ludwig Erhard
Ludwig Wilhelm Erhard was a German politician affiliated with the CDU and Chancellor of West Germany from 1963 until 1966. He is notable for his leading role in German postwar economic reform and economic recovery , particularly in his role as Minister of Economics under Chancellor Konrad Adenauer...
(CDU
Christian Democratic Union (Germany)
The Christian Democratic Union of Germany is a Christian democratic and conservative political party in Germany. It is regarded as on the centre-right of the German political spectrum...
) as section chief of the newly founded planning section (Grundsatzabteilung).
See also
- Rhine CapitalismRhine CapitalismRhine capitalism or Rhenish capitalism is a contemporary economic order existing primarily in Western Europe. The term originates from the French economist and Chairman of the Board and CEO Assurances Générales de France , Michel Albert who first used it in his book Capitalisme contre Capitalisme...