Alfred Müller-Armack

Alfred Müller-Armack (28 June 1901 – 16 March 1978) was a German economist and politician. He coined the term "social market economy" in 1946. Müller-Armack was professor of economics at University of Münster and University of Cologne. He 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. In 1971 he published his memoirs with the title „Auf dem Weg nach Europa“ (On the way towards Europe).

Alfred Müller-Armack

Alfred Müller-Armack (28 June 1901 – 16 March 1978) was a German economist and politician. He coined the term "social market economy" in 1946. Müller-Armack was professor of economics at University of Münster and University of Cologne. He 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. In 1971 he published his memoirs with the title „Auf dem Weg nach Europa“ (On the way towards Europe).