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German Economic and Business History in the 19th and 20th Centuries (Hardcover, 1st ed. 2016)
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German Economic and Business History in the 19th and 20th Centuries (Hardcover, 1st ed. 2016)
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German economic history in the industrial age has classically
formed an important basis for the study of economic growth and
industrialisation more generally. This book aims to introduce
English-language readers to modern German economic history based on
a selection of work by one of Germany's leading economic and
business historians, Werner Plumpe, who places particular emphasis
on the institutional structure of the economy. Plumpe's work
demonstrates that the country's economic evolution can only be
understood by paying close attention to institutional
peculiarities, such as the shape of industrial relations and the
dynamics of corporate decision-making. It also emphasises the
importance of the interconnectedness of capital and labour in the
German coordinated market economy and draws attention to individual
events and decisions that may have driven long-term economic
development, but are rarely considered in approaches that deal
primarily with macroeconomic growth. German Economic and Business
History in the 19th and 20th Century shows that Germany's economic
history still warrants the application of an institutional view of
economic transformation that is slightly different from the more
formal perspectives dominant in the UK and the US. The book serves
as a practical demonstration of a historicist approach to economic
history introduced by the German Historical School a century ago,
which still inspires large parts of German economic historiography.
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