Only 17 at the outbreak of World War I, Ludwig Erhard came from modest circumstances in Bavaria. He attended school only to junior secondary level, and then entered a commercial apprenticeship at 16.

This is the first of four reports on the crises that now beset Germany — what they are, the history that produced them, and ...

Market-based approaches usually entail less bureaucracy, as they are based on general rules and require less state control and monitoring," said Sarah Necker, Director of the Ludwig Erhard ifo ...