The Fading Miracle: Four Decades of Market Economy in Germany (Cambridge Studies in Economic Policies and Institutions)

This book provides a lucid account of economic policy in West Germany from the late 1940s up to the present, including the new challenges presented by the unification of the two German states in 1990. The authors describe and evaluate the major policy controversies and decisions, and place particular emphasis on the characteristically German institutions of policy counseling and their role in policy formation. The Fading Miracle provides a lucid account of economic policy in West Germany from the late 1940s up to the present. First published in hardback in 1992, this paperback edition has been updated to include events since then. The authors describe and evaluate the major policy controversies and decisions, and place particular emphasis on the characteristically German institutions of policy counselling and their role in policy formation. The book will be of interest to students and teachers of economics, and to all those with an interest in the development of the greatest economic power in Europe The fading miracle provides a lucid account of economic policy in West Germany from the late 1940s up to the present, and has been carefully updated to include a survey of the way Germany has reacted to the new challenges presented by the unification of the two German states in 1990. On 18 October 1952, a British weekly published a survey on the performance of the West German economy since the Second World War. This updated paperback edition describes West German economic policy from the late 1940s to the present