Capitalism, Economic Dynamics

By MichaŁ Kalecki; Jerzy Osiatyński et al. | Go to book overview

Economic Aspects of West German Rearmament [1] (1962)

1. After the Second World War the Federal Republic of Germany (FRG) went through the same three stages as did the German Republic following the First World War: (i) a period of economic chaos; (ii) a period of economic stabilization and reconstruction associated with an increased politico-economic significance in the world capitalist system; (iii) a period of militarization coupled with expansionist slogans.

The last phase, which we are witnessing today, shows, however, an important difference from the corresponding period of the 1930s. Hitlerism came to power during a deep economic crisis. Armaments and related government investment, such as road-building, were designed to stimulate production--it was the fascist way out of the crisis. But the Adenauer regime started the process of remilitarization of West Germany during a period of a high level of economic activity, and, as will be seen, its continued favourable course has by no means depended directly on the armament programme. Hence the question arises as to the relation between militarization and the basis for the economic development of the FRG. This article discusses this question and the correspondence between West Germany's economic policy and its military strategy.

Unlike Hitler's, the Adenauer regime bases its military strategy on close collaboration with the whole capitalist camp. The key to the economic role of militarization of the FRG must be also sought in its indirect impact on the economic situation of that entire camp, which in turn influences the economic situation of the FRG.

2. Let us begin with an analysis of the FRG national income and its components in the remilitarization period 1956-60 for the purpose of establishing the source of its continued economic upswing. It will be seen that the driving force of this upswing has not been armaments, but non-productive investment. The relevant data, calculated on the basis of official statistics, are presented in Table 58.

This table is constructed along the same lines as Tables 55 and 56, used for the study of the economic situation in the USA (see pp. 388

-402-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Capitalism, Economic Dynamics
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 636

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.