German Economic and Business History in the 19th and 20th Centuries

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

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I M AGE

Werner Plumpe

German Economic and Business History in the 19th and 20th Centuries

Werner Plumpe

German Economic and Business History in the 19th and 20th Centuries

Werner Plumpe Goethe-University of Frankfurt Frankfurt am Main, Germany

ISBN 978-1-137-51859-0 ISBN 978-1-137-51860-6 DOI 10.1057/978-1-137-51860-6

(eBook)

Library of Congress Control Number: 2016942665 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustration: © INTERFOTO / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London

Acknowledgments

Kindly supported by Carl-Zeiss-Foundation, Alfred und Cläre Pott-Foundation, and Gesellschaft für Unternehmensgeschichte e.V.

v

Contents

1

German Economic and Business History from the  Nineteenth Century to the Present Day: Introductory Remarks

Part I 2

3

13

Economic Thought and Economic Development: On the Linkage of Economic History and the  Historical Semantics of the Economy

15

The Birth of the Homo economicus: Historical Thoughts on the Origins and Significance of this Model of Human Behavior for the Modern Economy

51

Part II 4

Economic Ideas

1

Business History

The Improbability of the Jubilee: Or Why the Only Way to Shed Light on a Firm Is through Its History

81

83

vii

viii

Contents

5 Business and Industry under National Socialism: An Interim Report

105

6 1968 and German Firms: On Marking Out a Field of Research

137

7 The Economy of the Kaiserreich: Notes on the  Genealogy of German Capitalism

167

Part III

Economic History

195

8 The National Association of German Industry (RDI) and the Crisis of the Weimar Economy

197

9 The Economic and Corporate History of Na