2  Erhard, L.: Marktwirtschaft und gesunde Währung, in: Industriekurier, June 26, 1950, quoted from Erhard, L.: Gedanken aus fünf Jahrzehnten, p. 232 f.  BIS Review 59/1999  2  The results of this, - a lack of international competitiveness, - patterns of production which failed to meet the needs of the population - and an erosion of the domestic and external value of their currencies, are something from which the countries of central and eastern Europe have, to this day, only partially been able to recover.
Some, however, have already travelled a considerable distance towards creating a modern market economy. Despite all the problems, your country is one of them. A modern economy based on the division of labour undoubtedly functions best on the basis of individual decisions and by means of “competition as a process of discovery”.