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.
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Ulrich Witt is Founder and Director of the Evolutionary Economics Unit at the Max Planck Institute and Honorary Professor of Economics at the University of Jena.
