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October 1975

The Postwar Economic System in Germany: Creation, Evolution and Reappraisal

by Dieter Duwendag

A wave of pessimism regarding current economic conditions appears to have afflicted many parts of the world. Such pessimism manifests itself in skepticism regarding market type economic systems and democratic forms of government in general. In other words, the extent of government involvement in the functioning of the economy seems to be a major issue.