Karl Schiller
| Karl Schiller | |
|---|---|
 |
|
| Minister of Finance | |
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In office 13 May 1971 – 7 July 1972 |
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| Preceded by | Alexander Möller |
| Succeeded by | Helmut Schmidt |
| Minister of Economic Affairs | |
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In office 1 December 1966 – 7 July 1972 |
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| Preceded by | Kurt Schmücker |
| Succeeded by | Helmut Schmidt |
| Personal details | |
| Born |
Karl August Fritz Schiller 11 April 1911 Breslau, Silesia |
| Died | 26 December 1994 (aged 83) Hamburg, Germany |
| 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.
Schiller was born in Breslau. From 1931, after passing the Abitur, he studied Economics and Law at Kiel, Frankfurt am Main, Berlin and Heidelberg. In 1935, he finished his studies and got his Doctorate in Politics. From 1935 to 1941, he researched at the Institut für Weltwirtschaft in Kiel. In 1939, Schiller made his Habilitation. After taking part in World War II as a soldier from 1941 to 1945, Schiller became Professor at the University of Hamburg, where he became Principal from 1956 to 1958. In the meantime, from 1948 to 1966, he was a member of the scientific advisory board of the Federal Ministry for Economics.
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