Jump to ContentJump to Main Navigation
Freedom with ResponsibilityThe Social Market Economy in Germany 1918-1963$
Users without a subscription are not able to see the full content.

A. J. Nicholls

Print publication date: 2000

Print ISBN-13: 9780198208525

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198208525.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 December 2019

Erhard and the Korean Crisis

Erhard and the Korean Crisis

Chapter:
(p.270) 13 Erhard and the Korean Crisis
Source:
Freedom with Responsibility
Author(s):

A. J. Nicholls

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198208525.003.0015

This chapter focuses on the challenges faced by Erhard and the obstacles to his economic policies, due to the Korean crisis. During the period before the Korean war, Erhard persistently continued his efforts to reduce controls and to lower taxation, and was making steady efforts to be back in the competitive world trade. Two measures which were forced upon him in conflict with his free-market principles were, firstly, the levy on consumer-goods industries to provide capital for improvements in other sectors, and the decision to agree with US demands for allocation of raw materials to particularly ‘vital’ areas of the economy, but to leave this allocation in the hands of West German business associations.

Keywords:   Korean crisis, Ludwig Erhard, economic policy, free-market principles, political leadership, social market economy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .