The social market economy (German: Soziale Marktwirtschaft) is the main economic model used in (West) Germany after World War II. It is based on the political philosophy of Christian democracy 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 and Vice Chancellor under Konrad Adenauer's chancellorship (from 1949 to 1963) and afterwards Chancellor himself (1963 - 1966).
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