The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Germany, Economics in (20th Century)

  • Harald Hagemann
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2355

Abstract

The development of German economics in the 20th century is characterized by an interaction between internal scientific factors and external political factors. The dominance of the Historical School ended with the death of Schmoller and the First World War. The pressing economic problems of the young Weimar Republic stimulated macroeconomic research and national income accounting, whereas the Nazis’ rise to power caused an important intellectual emigration from which German economics recovered only slowly after 1945. After an early period of ordoliberalism, as in other countries the development of economics has increasingly reflected a process of internationalization dominated by American economics.

Keywords

Arndt, H.W. Aumann, R. Bombach, G. Brunner, K. Bruno, M. Burchardt, F. Business cycles Christaller, W. Colm, G. Corden, W.M. Cowles Commission Creative destruction Economic liberalism Eltis, W. Entrepreneurship Erhard, L. Eucken, W. Föhl, C. Freiburg School Game theory General equilibrium German Historical School Germany, economics in Giersch, H. Great Depression Hahn, F. Harsanyi, J.C. Hayek, F.A. Hilferding, R. Innovation Jaffé, E. Jessen, J. Keynesianism Krelle, W. Launhardt, C.F.W. Lautenbach, W. Lederer, E. Leontief, W. Liefmann, R. Lösch, A. Lowe, A. Mandelbaum, K. Marginal Utility School Marschak, J. Marx, K. H. Meidner, R. Menger, C. Menger, K. Methodenstreit Mises, L. von Monetarism Morgenstern, O. Musgrave, R. Myrdal, G. Nash, J. National income accounting Neisser, H. Neoclassical synthesis Ordoliberalism Peter, H. Preiser, E. Price control Protectionism Röpke, W. Roscher, W. Rosenstein-Rodan, P. Schelling, T. Schmoller, G. von Schneider, E. Schumpeter, J.A. Selten, R. Singer, H. Social market economy Sombart, W. Spatial economics Spiethoff, A.A.K. Stackelberg asymmetric duopoly Stackelberg, H. von Stagflation Streeten, P. Tisch, C. Wage controls Wagemann, E. Weber, A. Weber, M. Werturteilsstreit 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Harald Hagemann
    • 1
  1. 1.