04758nam a22006255i 4500 978-3-031-70347-8 DE-He213 20251030114610.0 cr nn 008mamaa 241210s2024 sz | s |||| 0|eng d 9783031703478 978-3-031-70347-8 10.1007/978-3-031-70347-8 doi HC KCZ bicssc BUS023000 bisacsh KCZ thema Pittaluga, Giovanni B. author. aut http://id.loc.gov/vocabulary/relators/aut 88724 An Economic Historiography of Germany, 1918-1931 [electronic resource] : How Inflation and Foreign Capital Inflows Allowed the Weimar Republic to Survive / by Giovanni B. Pittaluga, Elena Seghezza. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Springer, 2024. XXII, 261 p. 27 illus., 26 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontiers in Economic History, 2662-978X Chapter 1. Introduction: The Main Political Economy Features of the Weimar Republic -- Chapter 2. The Inflation of the Early Years of the Weimar Republic -- Chapter 3. The Inertial Inflation of the Early Twenties -- Chapter 4. Was There a Sudden Stop at the Root of German Hyperinflation? -- Chapter 5. The End of Inflation -- Chapter 6. Foreign Capital Inflows and Economic Stagnation in Weimar Germany -- Chapter 7. The Crisis of 1931 and the Collapse of the Weimar Republic -- Chapter 8. Conclusions. Contrary to existing economic analyses of the Weimar Republic, this book looks beyond the explanations of the individual events that characterized it - in particular hyperinflation, Brüning's fiscal policy, and the 1931 crisis. Instead, it adopts a more unified approach, and thereby sheds light on the underlying causes of these events. The book argues that these individual events were the final result of economic processes and policy choices which had made it possible to mitigate the social and political conflict that would otherwise have undermined the Republic’s existence. Specifically, it postulates that hyperinflation was the result of the "persistent" inflation, which had permitted Germany to maintain low unemployment, meet unions' wage demands, and contain left-wing radicalism. Similarly, the banking and currency crisis of 1931 was caused by a sudden stop related to the high level of foreign debt incurred by Germany after the Dawes Plan. Debt which had, however, enabled the country to finance the persistent external deficits resulting from its high domestic demand and large public expenditure incurred in an attempt to avoid social conflict. The book reviews the various models and approaches proposed highlighting their relative strengths and weakness and concludes by providing a unifying common thread which explains how the dramatic economic events which characterized the Weimar Republic were the result of the very economic processes which had contributed to its temporary survival. This book will appeal to students, scholars, economic researchers in general, and more specifically to those interested in economic history, monetary and financial economics, economic policy, political decision making, and political economy, in particular, those seeking a better understanding of the Weimar Republic's economic history. Economic history. 57506 Macroeconomics. Finance. 58339 Economic policy. 58351 Economics. 58354 Social choice. 70816 Economic History. 57506 Macroeconomics and Monetary Economics. 69508 Financial Economics. 69737 Economy-wide Country Studies. 68080 Economic Policy. 58351 Public Choice and Political Economy. 70817 Seghezza, Elena. author. aut http://id.loc.gov/vocabulary/relators/aut 88725 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031703461 Printed edition: 9783031703485 Printed edition: 9783031703492 Frontiers in Economic History, 2662-978X 78705 https://doi.org/10.1007/978-3-031-70347-8 ZDB-2-ECF ZDB-2-SXEF 65596 65596