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Retrospectives: The Coining of "Privatization" and Germany's National Socialist Party

  • Germ� Bel

The concept of privatization attracted much attention in the late 1970s and early 1980s, as Margaret Thatcher's privatization policies were implemented in the United Kingdom. My goal here is not to comment on the merits of privatization as a policy, but rather to investigate the history of the term "privatization" in economics and to shed some light on the context in which the word was coined. Although the origin of the term is often attributed to a 1969 book by Peter Drucker, I will show that this attribution is incorrect, and that the terminology of privatization played an evolving role in German economic policy from the 1930s through the 1950s.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.20.3.187
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Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 20 (2006)
Issue (Month): 3 (Summer)
Pages: 187-194

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Handle: RePEc:aea:jecper:v:20:y:2006:i:3:p:187-194
Note: DOI: 10.1257/jep.20.3.187
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  1. Sergei Guriev & Andrei Rachinsky, 2005. "The Role of Oligarchs in Russian Capitalism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 131-150, Winter.
  2. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 16(5), pages 407-407, January.
  3. Padma Desai, 2005. "Russian Retrospectives on Reforms from Yeltsin to Putin," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 87-106, Winter.
  4. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 17(2), pages B132-B134, October.
  5. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 16(8), pages B574-B574, April.
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