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Institutional Reforms and Economic Policy of the Cabinets of the Weimar Republic in the 1919–1924s

Author

Listed:
  • Evdokimova, Tatyana

    () (Department of history and law, Volgograd State Socio-Pedagogical University)

  • Nevskiy, Adam

    () (Faculty of economics, Lomonosov Moscow State University)

Abstract

The article analyzes the economic policies of the first cabinets of the Weimar Republic during the overcoming of the post-war crisis and the transition towards stabilization. The authors describe the variants of the economic transformation programs and investigate the process of preparation and implementation of institutional reforms. It is shown that the adequacy of practices and policies of the first Weimar cabinets corresponded with the “current challenges” and concrete needs of German society. The main attention is focused on building a strong foundation of a social-oriented state as well as on solving the problem of reparations.

Suggested Citation

  • Evdokimova, Tatyana & Nevskiy, Adam, 2016. "Institutional Reforms and Economic Policy of the Cabinets of the Weimar Republic in the 1919–1924s," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 176-208, June.
  • Handle: RePEc:rnp:ecopol:ep1639
    as

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    References listed on IDEAS

    as
    1. Niall Ferguson, 1996. "Constraints and room for manoeuvre in the German inflation of the early 1920s," Economic History Review, Economic History Society, vol. 49(4), pages 635-666, November.
    2. Laidler, David E W & Stadler, George W, 1998. "Monetary Explanations of the Weimar Republic's Hyperinflation: Some Neglected Contributions in Contemporary German Literature," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 816-831, November.
    3. Gustavo H. B. Franco, 1987. "The rentenmark miracle," Textos para discussão 161, Department of Economics PUC-Rio (Brazil).
    4. Webb, Steven B., 1984. "The Supply of Money and Reichsbank Financing of Government and Corporate Debt in Germany, 1919–1923," The Journal of Economic History, Cambridge University Press, vol. 44(02), pages 499-507, June.
    5. Попов Григорий Германович, 2013. "Как Плохие Институты И Политика Разрушают Экономику. Пример Веймарской Германии," Journal of Institutional Studies Journal of Institutional Studies (Журнал институциональных исследований), CyberLeninka;Общество с ограниченной ответственностью «Гуманитарные перспективы», vol. 5(2), pages 116-135.
    6. Tullio, Giuseppe, 1995. "Inflation and Currency Depreciation in Germany, 1920-1923: A Dynamic Model of Prices and the Exchange Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(2), pages 350-362, May.
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    More about this item

    Keywords

    Weimar Germany; economic policy; idea of the “social state”; reparations; hyperinflation; institutional changes; financial reform; monetary reform; Reichsbank; stabilization policies;

    JEL classification:

    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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