Karl Schiller | |
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Minister of Finance | |
In office 13 May 1971 – 7 July 1972 | |
Preceded by | Alexander Möller |
Succeeded by | Helmut Schmidt |
Minister of Economic Affairs | |
In office 1 December 1966 – 7 July 1972 | |
Preceded by | Kurt Schmücker |
Succeeded by | Helmut Schmidt |
Personal details | |
Born | Karl August Fritz Schiller 24 April 1911 Breslau, Prussia, German Empire |
Died | 26 December 1994 Hamburg, Germany | (aged 83)
Political party | Social Democratic Party of Germany |
Alma mater | University of Heidelberg |
Occupation | Politician, economist |
Karl August Fritz Schiller (24 April 1911 – 26 December 1994) was a German economist and politician of the Social Democratic Party (SPD). From 1966 to 1972, he was Federal Minister of Economic Affairs and from 1971 to 1972 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.