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Against the mainstream, nazi privatization in 1930s Germany

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  • Germà Bel

    () (Faculty of Economics, University of Barcelona.)

Abstract

The Great Depression spurred State ownership in Western capitalist countries. Germany was no exception, the last governments of the Weimar Republic took over firms in diverse sectors. Later, the Nazi regime transferred public ownership and public services to the private sector. In doing so, they went against the mainstream trends in the Western capitalist countries, none of which systematically reprivatized firms during the 1930s. Privatization in Nazi Germany was also unique in transferring to private hands the delivery of public services previously provided by government. The firms and the services transferred to private ownership belonged to diverse sectors. Privatization was part of an intentional policy with multiple objectives and was not ideologically driven. As in many recent privatizations, particularly within the European Union, strong financial restrictions were a central motivation. In addition, privatization was used as a political tool to enhance support for the government and for the Nazi Party.

Suggested Citation

  • Germà Bel, 2006. "Against the mainstream, nazi privatization in 1930s Germany," IREA Working Papers 200607, University of Barcelona, Research Institute of Applied Economics, revised Dec 2006.
  • Handle: RePEc:ira:wpaper:200607
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    File URL: http://www.ub.edu/irea/working_papers/2006/200607.pdf
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    References listed on IDEAS

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    1. Oliver Hart & Andrei Shleifer & Robert W. Vishny, 1997. "The Proper Scope of Government: Theory and an Application to Prisons," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1127-1161.
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    4. Perotti, Enrico C, 1995. "Credible Privatization," American Economic Review, American Economic Association, vol. 85(4), pages 847-859, September.
    5. John Vickers & George Yarrow, 1991. "Economic Perspectives on Privatization," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 111-132, Spring.
    6. Peter Temin, 1991. "Soviet and Nazi economic planning in the 1930s," Economic History Review, Economic History Society, vol. 44(4), pages 573-593, November.
    7. Yarrow, George, 1999. "A theory of privatization, or why bureaucrats are still in business," World Development, Elsevier, vol. 27(1), pages 157-168, January.
    8. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, March.
    9. repec:hrv:faseco:30727607 is not listed on IDEAS
    10. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
    11. Marie Dessauer, 1935. "The German Bank Act of 1934," Review of Economic Studies, Oxford University Press, vol. 2(3), pages 214-224.
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    More about this item

    Keywords

    Privatization; Public Enterprise; Nazi Economy; Germany.;

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-

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