The fading miracle: four decades of market economy in Germany

Resource Information

The instance The fading miracle: four decades of market economy in Germany represents a material embodiment of a distinct intellectual or artistic creation found in University of Liverpool.

The Resource The fading miracle: four decades of market economy in Germany

Image: http://covers.openlibrary.org/b/isbn/9780521353519-M.jpg?default=false

Bibliography note: Includes bibliographical references (pages 277-293) and index

Carrier category code

Content type code

Contents: 1. Stylized facts 1948-1990. 1. Economic growth. 2. Structural change. 3. Macroeconomic stability -- 2. 1945-1948: establishing a liberal order. 1. Post-war misery. 2. The rise of Ordoliberalism. 3. The liberal reforms of June 1948 -- 3. 1948-1960: spontaneous growth. A. Overcoming capital shortage and unemployment. 1. The critical period 1949/50. 2. 1950-1960: the demand side. 3. 1950-1960: the supply-side miracle. B. Returning to the world market. 1. The dismal starting-point. 2. European liberalization and the Marshall Plan. 3. Turning into a pacemaker for liberalization. 4. The emergence of 'little Europe' -- 4. 1960-1973: towards managed growth. A. Overemployment at an undervalued currency. 1. Labour shortage -- facts, causes and consequences. 2. The heyday of demand management. 3. A deteriorating supply side. B. Coping with external constraints. 1. The economic division of Western Europe. 2. The erosion of the Bretton Woods system -- 5. 1973-1989: facing the slowdown. A. Persistent unemployment and the growth slack. 1. The demand side: a tale of two cycles. 2. The nature of unemployment. 3. Roots of the growth slack. B. Painful adjustment to external challenges. 1. Protectionist temptations. 2. The current account debate. 3. International monetary coordination -- 6. Two cheers for German unification -- 7. A new miracle?

Media type code

Context

Context of The fading miracle: four decades of market economy in Germany