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          Ludwig Erhard

          Chancellor of West Germany from to

          Ludwig Wilhelm Erhard (German:[ˈluːtvɪçˈʔeːɐ̯haʁt]; 4 February – 5 May ) was a German politician and economist affiliated with the Christian Democratic Union (CDU), and chancellor of West Germany from until 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 to 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.[1]

          In his tenure as Chancellor, however, Erhard lacked support from Adenauer, who remained chairman of the CDU party until 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