Karl Schiller

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Karl Schiller
Minister of Economic Affairs
In office
1 December 1966 – 7 July 1972
Preceded byKurt Schmücker
Succeeded byHelmut Schmidt
Personal details
Born
Karl August Fritz Schiller

(1911-04-24)24 April 1911
University of Heidelberg
OccupationPolitician, economist

Karl August Fritz Schiller (24 April 1911 – 26 December 1994) was a German

Federal Minister of Finance. He was the inventor of the magic square, depicting Economic equilibrium, and of the Concerted activity (Konzertierte Aktion) to reflate the German market. He is thus seen as one of the most influential German economists beside Ludwig Erhard
.

Education and career

Schiller was born in

Federal Ministry for Economics
.

Political career

Schiller joined the paramilitary Stormtroopers (Sturmabteilung) of the NSDAP in 1933 and the party itself in 1937. After World War II he joined the SPD in 1946.

From 1965 to 1972, he was a member of the Bundestag for the SPD, where he became assistant chairman of the SPD faction.

From 1948 to 1953, Schiller was Senator for economy in Hamburg and held the same office again from 1961 to 1965 in Berlin serving under mayor Willy Brandt in his second term of office.

From 1966 to 1969, he was

Federal Minister of Finance, in the Concerted activity. In this time, they were known as Plisch und Plum after figures invented by Wilhelm Busch
.

In the first cabinet of Willy Brandt, Schiller continued to serve in the previous position, and was also

Federal Minister of Finance from 1971 to 1972 after the resignation of Alex Möller. On 7 July 1972 Schiller resigned in protest against Brandt's economic decisions.[2] After stepping down, he soon left the SPD as well. In 1972, he participated together with Ludwig Erhard in a CDU campaign, whereby both acted as defenders of market economy. In 1980 he returned to the SPD. He died in Hamburg
.

As Finance Minister Schiller travelled to the Soviet Union in 1970 and met with Alexei Kosygin, the Premier of the Soviet Union, to discuss a trade agreement between their two respective countries.

Honours

In 1991, Schiller was honoured with the

Bundesverdienstkreuz (Grand Cross with Star and Sash)
.

Karl-Schiller Berufskolleg is a vocational college in Dortmund named after Schiller. The school was renamed for Schiller in 1999.[3]

References

  1. ^ Gunnar Take: Forschen für den Wirtschaftskrieg. Das Kieler Institut für Weltwirtschaft im Nationalsozialismus, Berlin: de Gruyter, 2019, p. 225-236
  2. . Retrieved 6 September 2015.
  3. ^ "Schulgeschichte" (in German). Karl-Schiller Berufskolleg Dortmund (KSBK-DO). 2020.

External links