Only 17 at the outbreak of World War I, Ludwig Erhard came from modest circumstances in Bavaria. He attended school only to junior secondary level, and then entered a commercial apprenticeship at 16.

Market-based approaches usually entail less bureaucracy, as they are based on general rules and require less state control and monitoring," said Sarah Necker, Director of the Ludwig Erhard ifo ...

Yulia Navalnaya, widow of late Russian opposition leader Alexei Navalny, speaks after she received the ‘Media Freedom Prize’ during the Ludwig Erhard Summit 2024, on April 19, 2024. LUKAS BARTH / AFP ...