Economy
Success Factors of the Social Market Economy

The analysis describes the historical development of the social market economy and its basic characteristics. The special role of smaller and medium-sized companies (the Mittelstand) and family businesses is also examined. The aim is to contribute to an understanding of the German "economic miracle" (German Wirtschaftswunder) and the economic order behind it – also against the background of the manifold state interventions during the Corona crisis.

The analysis describes the historical development of the social market economy and its basic characteristics. The special role of smaller and medium-sized companies (the Mittelstand) and family businesses is also examined. The aim is to contribute to an understanding of the German "economic miracle" (German Wirtschaftswunder) and the economic order behind it – also against the background of the manifold state interventions during the Corona crisis.