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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
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>
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History
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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