Abelshauser - Chapter 02
1. From Liberalism to the Coordinated Production Regime
The inception of the coordinated market economy as a new social system of production
can be dated quite precisely. Beginning after 1873, it supplanted the old
production regime in a process completed by the turn of the century at the latest.
The replaced regime may be described as a "liberal market economy from
above" and was the result of reforms designed to pave the way for the German
states to enter modern times after the military confrontation with revolutionary
France and the economic challenges of the English industrial revolution.