Karl Schiller

Karl Schiller
Schiller in 1969
Minister of Finance
In office
13 May 1971 – 7 July 1972
Preceded byAlexander Möller
Succeeded byHelmut Schmidt
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
Breslau, Prussia, German Empire
Died26 December 1994(1994-12-26) (aged 83)
Hamburg, Germany
Political partySocial Democratic Party of Germany
Alma materUniversity of Heidelberg
OccupationPolitician, 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.