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.

‘This timely and important book … fills a gap in the economic history of West Germany … in a thoroughly professional and substantial way.’

Rudiger Dornbusch Source: Journal of Economic Literature

‘This is a first-class survey of a very important topic - informative, clear, accurate, very well-written, and always interesting.’

Andrea Boltho Source: The Economic Journal