He received his Ph.D. in economics from University of Freiburg in 1948. His thesis advisor was Walter Eucken. In 1951 he received his habilitation from University of Heidelberg, where he was working under Erich Preiser.
He received his Ph.D. in economics from the University of Freiburg in 1948, under the supervision of Walter Eucken. In 1951 he achieved his habilitation at the University of Heidelberg, where he worked alongside Erich Preiser.