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The Role of Private Property in the Nazi Economy: The Case of Industry

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  • BUCHHEIM, CHRISTOPH
  • SCHERNER, JONAS
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    Abstract

    Private property in the industry of the Third Reich is often considered a mere nominal provision without much substance. However, that is not correct, because firms, despite the rationing and licensing activities of the state, still had ample scope to devise their own production and investment profiles. Even regarding war-related projects, freedom of contract was generally respected; instead of using power, the state offered firms a number of contract options to choose from. There were several motives behind this attitude of the regime, among them the conviction that private property provided important incentives for increasing efficiency.

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    Bibliographic Info

    Article provided by Cambridge University Press in its journal The Journal of Economic History.

    Volume (Year): 66 (2006)
    Issue (Month): 02 (June)
    Pages: 390-416

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    Handle: RePEc:cup:jechis:v:66:y:2006:i:02:p:390-416_00

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    Cited by:
    1. Barry Eichengreen & Albrecht Ritschl, 2008. "Understanding West German economic growth in the 1950s," Economic History Working Papers 22304, London School of Economics and Political Science, Department of Economic History.
    2. Harrison, Mark, 2011. "Accounting for Secrets," CAGE Online Working Paper Series 59, Competitive Advantage in the Global Economy (CAGE).
    3. Fernando Mendiola, 2014. "Of Firms and Captives: Railway Infrastructures and the Economics of Forced Labour (Spain, 1937 – 1957)," Documentos de Trabajo (DT-AEHE) 1405, Asociación Española de Historia Económica.

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