IDEAS home Printed from https://ideas.repec.org/a/aea/jecper/v20y2006i3p187-194.html
   My bibliography  Save this article

Retrospectives: The Coining of "Privatization" and Germany's National Socialist Party

Author

Listed:
  • Germá Bel

Abstract

The concept of privatization attracted much attention in the late 1970s and early 1980s, as Margaret Thatcher's privatization policies were implemented in the United Kingdom. My goal here is not to comment on the merits of privatization as a policy, but rather to investigate the history of the term "privatization" in economics and to shed some light on the context in which the word was coined. Although the origin of the term is often attributed to a 1969 book by Peter Drucker, I will show that this attribution is incorrect, and that the terminology of privatization played an evolving role in German economic policy from the 1930s through the 1950s.

Suggested Citation

  • Germá Bel, 2006. "Retrospectives: The Coining of "Privatization" and Germany's National Socialist Party," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 187-194, Summer.
    • Handle: RePEc:aea:jecper:v:20:y:2006:i:3:p:187-194
    Note: DOI: 10.1257/jep.20.3.187
    as

    Download full text from publisher

    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.20.3.187
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Caldwell, Lynton K., 1953. "Technical Assistance and Administrative Reform in Colombia," American Political Science Review, Cambridge University Press, vol. 47(2), pages 494-510, June.
    2. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, April.
    3. Sergei Guriev & Andrei Rachinsky, 2005. "The Role of Oligarchs in Russian Capitalism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 131-150, Winter.
    4. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 17(2), pages 132-134, October.
    5. repec:hal:spmain:info:hdl:2441/1cu21pio6c90g9i5oedr5hnaa3 is not listed on IDEAS
    6. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 16(8), pages 574-574, April.
    7. Sidney Merlin, 1943. "Trends in German Economic Control since 1933," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 57(2), pages 169-207.
    8. Padma Desai, 2005. "Russian Retrospectives on Reforms from Yeltsin to Putin," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 87-106, Winter.
    9. anonymous, 1970. "Working Papers," Management Science, INFORMS, vol. 16(5), pages 407-407, January.
    10. Megginson, William Leon, 2005. "The Financial Economics of Privatization," OUP Catalogue, Oxford University Press, number 9780195150629.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Germà Bel, 2010. "Against the mainstream: Nazi privatization in 1930s Germany1," Economic History Review, Economic History Society, vol. 63(1), pages 34-55, February.
    2. 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.
    3. Paul Walker, 2016. "From complete to incomplete (contracts): A survey of the mainstream approach to the theory of privatisation," New Zealand Economic Papers, Taylor & Francis Journals, vol. 50(2), pages 212-229, August.
    4. El-Shagi, Makram & Fidrmuc, Jarko & Yamarik, Steven, 2020. "Inequality and credit growth in Russian regions," Economic Modelling, Elsevier, vol. 91(C), pages 550-558.
    5. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
    6. Germa Bel, 2009. "From Public to Private: Privatization in 1920's Fascist Italy," RSCAS Working Papers 2009/46, European University Institute.
    7. Christian Wolf & Michael G. Pollitt, 2008. "Privatising national oil companies: Assessing the impact on firm performance," Working Papers EPRG 0805, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    8. Yunhe Li & Faqin Lan, 2021. "The determinants of adjustment speed of board structure: evidence from Chinese listed companies," Review of Managerial Science, Springer, vol. 15(3), pages 725-753, April.
    9. Sergei Guriev & Andrei Rachinsky, 2006. "The Evolution of Personal Wealth in the Former Soviet Union and Central and Eastern Europe," WIDER Working Paper Series RP2006-120, World Institute for Development Economic Research (UNU-WIDER).
    10. Fidrmuc, Jarko & Gundacker, Lidwina, 2017. "Income inequality and oligarchs in Russian regions: A note," European Journal of Political Economy, Elsevier, vol. 50(C), pages 196-207.
    11. Bortolotti, Bernardo & de Jong, Frank & Nicodano, Giovanna & Schindele, Ibolya, 2007. "Privatization and stock market liquidity," Journal of Banking & Finance, Elsevier, vol. 31(2), pages 297-316, February.
    12. Ekaterina Zhuravskaya, 2007. "Whither Russia? A Review of Andrei Shleifer's A Normal Country," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 127-146, March.
    13. Germà Bel, 2011. "The first privatisation: selling SOEs and privatising public monopolies in Fascist Italy (1922--1925)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(5), pages 937-956.
    14. Saul Estrin, 2020. "Towards A Framework To Understand The Relative Performance Of State-Owned Firms," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 65(225), pages 11-32, April – J.
    15. Daniel Treisman, 2010. ""Loans for Shares" Revisited," NBER Working Papers 15819, National Bureau of Economic Research, Inc.
    16. Germà Bel, 2010. "From public to private: Fascist privatization in 1920s Italyç," Working Papers 10014, Economic History Society.
    17. Estrin, Saul, 2020. "Towards a framework to understand the relative performance of state-owned firms," LSE Research Online Documents on Economics 109830, London School of Economics and Political Science, LSE Library.
    18. Estrin, Saul & Liang, Zhixiang & Shapiro, Daniel & Carney, Michael, 2018. "State capitalism, economic systems and the performance of state owned firms," LSE Research Online Documents on Economics 91944, London School of Economics and Political Science, LSE Library.
    19. Coelho, Daphne & Teodorovicz, Thomaz & Martínez Fritscher, André & Motta Café, Renata & Lazzarini, Sergio & Ikawa, Jorge Norio Rezende, 2024. "Monitoring the Governance of State-Owned Enterprises: Assessing the Impact of Brazilian Corporate Governance Reforms," IDB Publications (Working Papers) 13568, Inter-American Development Bank.
    20. Avner Offer, 2018. "Patient and impatient capital: time horizons as market boundaries," Oxford Economic and Social History Working Papers _165, University of Oxford, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:jecper:v:20:y:2006:i:3:p:187-194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.