Ludwig Erhard

Ludwig Wilhelm Erhard (German: [ˈluːtvɪç ˈʔeːɐ̯haʁt]; 4 February 1897 – 5 May 1977) was a German politician and economist who served as the second chancellor of West Germany from 1963 until 1966. Affiliated with the Christian Democratic Union (CDU), he is known for leading the West German postwar economic reforms and economic recovery (Wirtschaftswunder, German for "economic miracle") in his role as Minister of Economic Affairs under Chancellor Konrad Adenauer from 1949 to 1963. During that period, he promoted the concept of the social market economy (soziale Marktwirtschaft), on which Germany's economic policy in the 21st century continues to be based.

In his tenure as Chancellor, however, Erhard lacked support from Adenauer, who remained chairman of the CDU party until 1966. Erhard failed to win the German public's confidence in his handling of a budget deficit and lacked public support for his direction of foreign policy. His popularity waned, and he resigned his chancellorship on 30 November 1966.

Awards: Bavarian Order of Merit, Grand Cross of the Order of Isabella the Catholic, honorary doctor of the University of Madrid Complutense, Grand Cross of the Order of the Sun of Peru‎, Grand Cross 1st class of the Order of Merit of the Federal Republic of Germany, Knight Grand Cross of the Order of Merit of the Italian Republic, Grand Cross of the Military Order of Saint James of the Sword, Honorary doctor of the Technical University of Berlin, honorary citizen of Bonn, Order of Merit for National Foundation Education: School of Economics and Social Sciences Nuremberg, Goethe University Frankfurt, Hardenberg-Gymnasium Fürth

Source: Wikipedia — https://en.wikipedia.org/wiki/Ludwig_Erhard