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.
A prominent economist earned his doctoral degree in economics from the University of Freiburg in 1948, mentored by Walter Eucken. Two years later, in 1951, he completed his postdoctoral qualification at the University of Heidelberg, where he collaborated with Erich Preiser.