Alfred Müller-Armack

Who was Alfred Müller-Armack?

Alfred Müller-Armack 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 as section chief of the newly founded policy department.