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Volume 6  Number 3  •  Winter 2002
Other Issues:  

Germany’s “Social Market Economy”
Between Social Ethos and Rent Seeking
By Ulrich Witt
This article appeared in the Winter 2002 issue of The Independent Review

Unlike the Founding Fathers of the United States, the founders of the German economic constitution believed that corporatism and a large welfare state were fully compatible with economic efficiency and robust individual liberty. In recent years, however, the dilemmas resulting from Germany’s social ethos have become plainly visible.