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The essays in this volume have been translated from the German to bring to the notice of a wider public the contemporary views of a group of prominent German economists and lawyers who have all participated in the development of post-war economic policy in the Federal Republic of Germany.

'Commentators often see wide differences between policy as they consider how it should be conducted and how it actually emerges.

The Ordo-liberals were a group of liberal economic and legal thinkers in the Federal Republic of Germany who came into prominence as a result of their influence on, and participation in, post-war economic policy in the Federal Republic when Ludwig Erhard was Minister for Economic Affairs and, later, Chancellor.