Part of a series on Economic systems Primitive communism Capitalist economy Corporate economy Fascist economy Laissez-faire Mercantilism Natural economy Socialist economy Communist economy Closed economy Dual economy Gift economy Informal economy Market economy Mixed economy Open economy Participatory economy Planned economy Subsistence economy Underground economy Virtual economy Anglo-Saxon economy American School Global economy Hunter-gatherer economy Information economy New industrial economy Palace economy Plantation economy Social market economy Token economy Traditional economy Transition economy The social market economy was the main economic model used in Western and Northern Europe during the Cold War era. It originated in West Germany, and it is known as Soziale Marktwirtschaft in German.
In West Germany, the social market model was created and implemented by the Christian Democrat Ludwig Erhard, Minister of Economics under Konrad Adenauer's chancellorship and German Chancellor in his own right from 1963 to 1966.

History