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Socialism with a Human Face - Using Behavioural Economics to Understand East German Economic History (Hardcover, 1st ed. 2022)
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Socialism with a Human Face - Using Behavioural Economics to Understand East German Economic History (Hardcover, 1st ed. 2022)
Series: Palgrave Studies in Economic History
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East Germany's economic history is typically told as a story of the
unravelling of an inherently flawed system. Yet, while the system's
inefficiency is undeniable, its economic history was much richer
than its comparatively poor economic performance suggests. For many
who lived there, it was a system that, over its forty years, was
capable of achievements and generally functioned at bearable
levels. This book combines the insights of behavioural economics
with archival research to peel away layers of rhetoric and
assumptions about the East German economy and explore aspects of
that underlying functionality. Through a series of cases studies
that examine the establishment of socialist workplaces, the
searches for productivity growth and efficiency, and the emergence
of financial crisis, the book considers the system from the
perspective of the humans who operated it and made the decisions
that made it work. Unencumbered by political preconceptions, it
offers a more realistic understanding of East German economic
history than that derived from stagnant debates about the clash of
systems. The new perspectives and approaches presented demonstrate
that, extracted from its Cold War context, East Germany's economic
history can be analysed for what it was, rather than for what it
symbolised.
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