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The Mirage of the German Armament Miracle in World War II

In: Economic History of Warfare and State Formation

Author

Listed:
  • Jonas Scherner

    (Norwegian University of Science and Technology)

  • Jochen Streb

    (Universität Mannheim)

Abstract

Based on a revision of output and labor productivity series of the German armament industry during the World War II we show that the so-called German armament miracle was only a statistical construct produced by the manipulation of Albert Speer and his statisticians. In particular, we find no structural break in the year 1942 when Speer became armament minister. In a period of continuous expansion, only the year 1941 stands out, when both domestic armament production and labor productivity decreased. We suggest that this temporary slump was caused by the short-term effects of outsourcing activities and capital deepening.

Suggested Citation

  • Jonas Scherner & Jochen Streb, 2016. "The Mirage of the German Armament Miracle in World War II," Studies in Economic History, in: Jari Eloranta & Eric Golson & Andrei Markevich & Nikolaus Wolf (ed.), Economic History of Warfare and State Formation, pages 243-258, Springer.
    • Handle: RePEc:spr:stechp:978-981-10-1605-9_10
    DOI: 10.1007/978-981-10-1605-9_10
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