The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Schacht, Horace Greeley Hjalmar (1877–1970)

  • Wolfgang-Dieter Classen
Reference work entry


Raised in an atmosphere of open-minded, liberal thinking in his family and of national patriotism among the general public, Schacht studies history of literature, German language and finally economics. Besides this he gained an education as a journalist. The theme of his doctoral thesis, ‘Der theoretische Gehalt des englischen Merkantelismus’, forced him to deepen his knowledge of finance, credit systems and foreign trade policy, which was relevant for his work in the years that followed. In 1903 he became an employee of the Dresdner Bank and in 1916 a member of the board of directors of the National Bank, which after its fusion with the Darmstädter Bank was one of the biggest banks in Germany.

This is a preview of subscription content, log in to check access.


  1. Beck, R. 1955. Verdict on Schacht: A study in the problem of political ‘guilt’. Tallahassee: Florida State University.Google Scholar
  2. Erbe, R. 1958. Die nationalsozialistische Wirtschaftspolitik 1933–1939 im Lichte der modernen Theorie. Zurich: Polygraph-Verlag.Google Scholar
  3. Kroll, G. 1958. Von der Wirtschaftskrise zur Staatskonjunktur. Berlin: Duncker & Humblot.Google Scholar
  4. Mühlen, N. 1939. Schacht: Hitler’s Magician. The Life and Loans of Dr. Hjalmar Schacht. Trans. E.W. Dickes. New York: Alliance.Google Scholar
  5. Pentzlin, H. 1980. Hjalmar Schacht. Leben und Wirken einer umstrittenen Persönlichkeit. Berlin/Frankfuram Main/Vienna: Ullstein.Google Scholar
  6. Peterson, E.N. 1954. Hjalmar Schacht: For and against Hitler. A political economic study of Germany 1923–1945. Boston: Christopher Publishing House.Google Scholar
  7. Simpson, A.E. 1969. Hjalmar Schacht in perspective. The Hague/Paris: Mouton.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Wolfgang-Dieter Classen
    • 1
  1. 1.