Social Market Economy

High Quality Content by WIKIPEDIA articles! The social market economy is the main economic model used in West Germany (and in reunited Germany) after World War II. It is based on the political philosophy of Ordoliberalism from the Freiburg School. Ordoliberal ideas were most prominently developed in the academic journal ORDO and implemented in practice by Ludwig Erhard, Minister of Economics under Konrad Adenauer's chancellorship (from 1949 to 1963).