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Public Credit, Capital, and State Agency: Fiscal Responsibility in German-LanguageFinanzwissenschaft

In: Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought

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  • Richard Sturn

Abstract

This chapter discusses the evolution of German views on public debt 1850–1920, referring to three strands of secondary literature: (1) German retrospectives on public finance, (2) the historical literature with a public choice perspective, and (3) contributions to public/constitutional law, mainly referring to Lorenz von Stein. The skeptic view of public debt endorsed by authors of the second half of the period is shown to be related to politico-economic issues of state agency combined with new state functions, rather than to the rejection of Dietzel’s Proto-Keynesian macroeconomic reasoning.

Suggested Citation

  • Richard Sturn, 2020. "Public Credit, Capital, and State Agency: Fiscal Responsibility in German-LanguageFinanzwissenschaft," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought, volume 38, pages 97-121, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542020000038a009
    DOI: 10.1108/S0743-41542020000038A009
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