Competition Law and Germany’s Social Market Economy


in Law and Competition in Twentieth-Century Europe

Published in print March 2001 | ISBN: 9780199244010
Published online January 2010 | e-ISBN: 9780191705182 | DOI:
Competition Law and Germany’s Social Market Economy

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Most European countries reacted to postwar conditions by creating competition law systems that were, at least initially, little more than minor components of economic policy. This chapter shows how Germany moved in a new direction that would fundamentally alter the path of competition law in Europe. In 1957, the Federal Republic created a competition law system that was to play a new role and operate on a different set of principles. Its role was ‘constitutional’ — to promote basic values and protect fundamental rights, and it was to operate at least as much on juridicial as on administrative principles.

Keywords: Germany; Europe; competition law; constitutional

Chapter.  31570 words. 

Subjects: Competition Law

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