for Economic Policy was founded in 1950 as an independent, economic
research institute at the University of Cologne. Its founders were Prof.
Dr. Alfred Müller-Armack, who had developed the concept of a social
market economy (“Soziale Marktwirtschaft” in German), and Dr. h.c. Franz
The primary objective of the Institute is the research of current key
issues of economic policy. This means in particular problems of economic
policy rules (including the concept of “Ordnungspolitik”) and regulative
framework to keep functioning a social market economy.
The scientific and organisational management of the Institute is usually
in the hands of two professors of Economic Policy with Chairs at the
University of Cologne. A non-profit association of donors supports the
Institute. Currently the Directors are Prof. Dr. Juergen B. Donges and
former sectretary of state (Germany) Prof. Dr. Johann Eekhoff.
Click here for the Institute’s team.
Address of the Institute
of this website
To learn more about the life and work of Prof. Dr. Alfred Müller-Armack,
article (in German, pdf format) by Prof. Dr. Hans Willgerodt.
For the history of the Soziale Marktwirtschaft in Germany click here
for a discussion
paper in English by Johannes R.B. Rittershausen.