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020 _a9783031703478
_9978-3-031-70347-8
024 7 _a10.1007/978-3-031-70347-8
_2doi
050 4 _aHC
072 7 _aKCZ
_2bicssc
072 7 _aBUS023000
_2bisacsh
072 7 _aKCZ
_2thema
100 1 _aPittaluga, Giovanni B.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_988724
245 1 3 _aAn Economic Historiography of Germany, 1918-1931
_h[electronic resource] :
_bHow Inflation and Foreign Capital Inflows Allowed the Weimar Republic to Survive /
_cby Giovanni B. Pittaluga, Elena Seghezza.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Springer,
_c2024.
300 _aXXII, 261 p. 27 illus., 26 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aFrontiers in Economic History,
_x2662-978X
505 0 _aChapter 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.
520 _aContrary 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.
650 0 _aEconomic history.
_957506
650 0 _aMacroeconomics.
650 0 _aFinance.
_958339
650 0 _aEconomic policy.
_958351
650 0 _aEconomics.
_958354
650 0 _aSocial choice.
_970816
650 1 4 _aEconomic History.
_957506
650 2 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aFinancial Economics.
_969737
650 2 4 _aEconomy-wide Country Studies.
_968080
650 2 4 _aEconomic Policy.
_958351
650 2 4 _aPublic Choice and Political Economy.
_970817
700 1 _aSeghezza, Elena.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_988725
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031703461
776 0 8 _iPrinted edition:
_z9783031703485
776 0 8 _iPrinted edition:
_z9783031703492
830 0 _aFrontiers in Economic History,
_x2662-978X
_978705
856 4 0 _uhttps://doi.org/10.1007/978-3-031-70347-8
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c65596
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