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The Fading Miracle : Four Decades of Market Economy in Germany - Herbert Giersch

The Fading Miracle

Four Decades of Market Economy in Germany

Paperback Published: 9th January 1995
ISBN: 9780521358699
Number Of Pages: 320

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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.

'A masterful documentation and analysis of not only the development of the West German economy over time, but an insight into what went right during the 1950s as well as what went wrong during the subsequent decades.' 'This book is a shining example of careful scholarship at its best, undertaken with the weighed judgement and thoughtfulness that only years of experience with both policy and theory can produce.' 'This timely and important book ... fills a gap in the economic history of West Germany ... in a thoroughly professional and substantial way.' Rudiger Dornbusch, Journal of Economic Literature 'This is a first-class survey of a very important topic - informative, clear, accurate, very well-written, and always interesting.' Andrea Boltho, The Economic Journal

Stylised facts 1948-1989
1945-1948: establishing a liberal order
1948-1960: spontaneous growth
1960-1973: towards managed growth
1973-1989: Facing the slowdown
Two cheers for German unification
A new miracle?
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521358699
ISBN-10: 0521358698
Series: Cambridge Studies in Economic Policies and Institutions
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 320
Published: 9th January 1995
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.8
Weight (kg): 0.45
Edition Number: 2