The Fading Miracle

This updated paperback edition describes West German economic policy from the late 1940s to the present.

This updated version of The Fading Miracle provides a lucid account of economic policy in West Germany from the late 1940s up to the present, including the new challenges presented by the unification of the two German states in 1990.The Fading Miracle provides a lucid account of economic policy in West Germany from the late 1940s up to the present. First published in hardback in 1992, this paperback edition has been updated to include events since then. The authors describe and evaluate the major policy controversies and decisions, and place particular emphasis on the characteristically German institutions of policy counselling and their role in policy formation. The book will be of interest to students and teachers of economics, and to all those with an interest in the development of the greatest economic power in Europe.