Life
Walter Eucken was born in Jena, in present-day Thuringia, as son of the philosopher Rudolf Eucken, who won the 1908 Nobel Prize in Literature.
At first more interested in history, Walter Eucken finally chose to study economics in Kiel, Jena and Bonn. He received his doctorate in 1914, shortly before he had to serve as officer at the fronts of World War I. In 1921 in Berlin, Eucken completed additional studies and was appointed to his first professorship. In 1927 he moved to Freiburg, where he was professor of economics until his death. During the Nazi period, Eucken was associated to the resistance movement (Freiburg Bonhoeffer Circle).
He died in 1950 during a lecture series at the London School of Economics, UK.
The Walter Eucken Institut was founded four years after his death. Its president has been James M. Buchanan since 2004.
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