History

Treffen Kronberger Kreis

Over 34 years ago, an economics professor and an entrepreneur met in Kronberg and resolved to disseminate the principles and ideas of the social market economy. While others grew desperate in reaction to an economy rattled by crisis, shifting blame and searching for salvation in further state intervention, these two began an examination of the economic situation, from which they developed policy solutions calling for increased personal responsibility and competition, and with a smaller state presence. The professor was Wolfram Engels and the entrepreneur Ludwig Eckes. Born from this meeting was the development of a circle, today called the Kronberger Kreis, and a foundation, called the Market Economy Foundation. The liberal, market oriented economists who comprise the Kronberger Kreis continue to actively provide scientific advice to the Foundation.

The think tank was founded in 1982 and was initially known as the Frankfurter Institute, which was dedicated to the pursuit of consistent and well-researched market oriented policies, with the goal of restoring these ideas to their appropriate place in the political arena.

In 2007, the Market Economy Foundation and Kronberger Kreis celebrated their 25th anniversary. The event was documented and information can be found here.

Today, the Market Economy Foundation is a think tank based in the heart of Berlin. The management comprises Prof. Dr. Michael Eilfort and Prof. Dr. Bernd Raffelhüschen. The objectives of the Market Economy Foundation fall under the broader goal of furthering freedom and competition. Specifically, the Foundation works for the liberalization of the labor market, the realization of a viable social security system, the simplification of the tax system, and the incorporation of resource management and intergenerational justice into discussion of public budget balancing within the context of the "Reputable State" ("Ehrbarer Staat") project.

The Foundation strives for the dissemination and absorption of market oriented ideas throughout politics and society, in order to open the door for more freedom, more markets, and greater individual responsibility. It works through academic channels and advocates its positions through events, publications, individual political consulting, and concrete suggestions including prepared legal texts.