Alfred Müller-Armack
German economist and politician
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The basics
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| Intro | German economist and politician | |
| Places | Germany | |
| was | Economist Politician Sociologist Educator | |
| Work field | Academia Finance Social science Politics | |
| Gender |
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| Birth | 28 June 1901, Essen, Düsseldorf Government Region, North Rhine-Westphalia, Germany | |
| Death | 16 March 1978Cologne, Cologne Government Region, North Rhine-Westphalia, Germany (aged 76 years) | |
| Politics: | Nazi Party Christian Democratic Union |
The details
Biography
Alfred Müller-Armack (28 June 1901 – 16 March 1978) was a German economist and politician.
He was professor of economics at University of Münster and University of Cologne. Müller-Armack coined the term "social market economy" in 1946.
Müller-Armack was a central figure of the "Cologne school." He always pointed out that the economy had to serve humanity. A regulatory environment should provide the basis for a form of competition that was to the best for all people.
After 1952, he worked in the economic ministry under Ludwig Erhard (CDU) as section chief of the newly founded policy department (Grundsatzabteilung).