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Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1
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Zeitschriftentitel: | The Economic History Review |
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Personen und Körperschaften: | , |
In: | The Economic History Review, 58, 2005, 1, S. 34-56 |
Format: | E-Article |
Sprache: | Englisch |
veröffentlicht: |
Wiley
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Schlagwörter: |
author_facet |
BATEN, JOERG SCHULZ, RAINER BATEN, JOERG SCHULZ, RAINER |
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author |
BATEN, JOERG SCHULZ, RAINER |
spellingShingle |
BATEN, JOERG SCHULZ, RAINER The Economic History Review Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 Economics and Econometrics History |
author_sort |
baten, joerg |
spelling |
BATEN, JOERG SCHULZ, RAINER 0013-0117 1468-0289 Wiley Economics and Econometrics History http://dx.doi.org/10.1111/j.1468-0289.2005.00297.x <jats:p>Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War. This article reconsiders, and rejects, Kocka's (1973) hypothesis that a strong income redistribution from workers to capital owners occurred in Germany during the First World War. A small number of firms profited from the war, but the majority experienced a decline in real income, similar to the decline in workers' real wages. This finding also has important implications for the political history of the Weimar Republic. The authors also use their figures to improve German GDP estimates for the war period, since their sample makes it possible to estimate private service sector development. Economic indicators were worse for the war year of 1917 than previously believed.</jats:p> Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War<sup>1</sup> The Economic History Review |
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title |
Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_unstemmed |
Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_full |
Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_fullStr |
Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
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Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_short |
Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_sort |
making profits in wartime: corporate profits, inequality, and gdp in germany during the first world war<sup>1</sup> |
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Economics and Econometrics History |
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http://dx.doi.org/10.1111/j.1468-0289.2005.00297.x |
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2005 |
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34-56 |
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<jats:p>Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War. This article reconsiders, and rejects, Kocka's (1973) hypothesis that a strong income redistribution from workers to capital owners occurred in Germany during the First World War. A small number of firms profited from the war, but the majority experienced a decline in real income, similar to the decline in workers' real wages. This finding also has important implications for the political history of the Weimar Republic. The authors also use their figures to improve German GDP estimates for the war period, since their sample makes it possible to estimate private service sector development. Economic indicators were worse for the war year of 1917 than previously believed.</jats:p> |
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author | BATEN, JOERG, SCHULZ, RAINER |
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description | <jats:p>Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War. This article reconsiders, and rejects, Kocka's (1973) hypothesis that a strong income redistribution from workers to capital owners occurred in Germany during the First World War. A small number of firms profited from the war, but the majority experienced a decline in real income, similar to the decline in workers' real wages. This finding also has important implications for the political history of the Weimar Republic. The authors also use their figures to improve German GDP estimates for the war period, since their sample makes it possible to estimate private service sector development. Economic indicators were worse for the war year of 1917 than previously believed.</jats:p> |
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spelling | BATEN, JOERG SCHULZ, RAINER 0013-0117 1468-0289 Wiley Economics and Econometrics History http://dx.doi.org/10.1111/j.1468-0289.2005.00297.x <jats:p>Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War. This article reconsiders, and rejects, Kocka's (1973) hypothesis that a strong income redistribution from workers to capital owners occurred in Germany during the First World War. A small number of firms profited from the war, but the majority experienced a decline in real income, similar to the decline in workers' real wages. This finding also has important implications for the political history of the Weimar Republic. The authors also use their figures to improve German GDP estimates for the war period, since their sample makes it possible to estimate private service sector development. Economic indicators were worse for the war year of 1917 than previously believed.</jats:p> Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War<sup>1</sup> The Economic History Review |
spellingShingle | BATEN, JOERG, SCHULZ, RAINER, The Economic History Review, Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1, Economics and Econometrics, History |
title | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_full | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_fullStr | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_full_unstemmed | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_short | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
title_sort | making profits in wartime: corporate profits, inequality, and gdp in germany during the first world war<sup>1</sup> |
title_unstemmed | Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War1 |
topic | Economics and Econometrics, History |
url | http://dx.doi.org/10.1111/j.1468-0289.2005.00297.x |