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Management of the Austrian State Economy in the Mid-Twentieth Century. Problems of Macroeconomic Planning in Europe in 1945-1960 with a view to contemporary economic history

Author

Listed:
  • Tomáš KREMR

    (University of Economics, Prague, Faculty of Economics, Department of Economic History)

Abstract

This work focuses on the management of the state economy in Austria, specifically targeting the preconditions of the planning within the institutional set-up of the Austrian economy. The work emphasizes the influence of the German planning experience applied in Austria during World War II to the post-war form of the Austrian economic policy. The purpose of the work is also to highlight the effects of the Austrian economic policy after World War II and the extent in which this policy included certain forms of planning. It also aims to determine how this policy managed to steer Austria away from a difficult period of a divided country in the first ten years following World War II.

Suggested Citation

  • Tomáš KREMR, 2020. "Management of the Austrian State Economy in the Mid-Twentieth Century. Problems of Macroeconomic Planning in Europe in 1945-1960 with a view to contemporary economic history," Romanian Journal of Economics, Institute of National Economy, vol. 51(2(60)), pages 50-82, December.
    • Handle: RePEc:ine:journl:v:51:y:2020:i:60:p:50-82
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    More about this item

    Keywords

    Austrian economy; allocation of production factors; the benefit of centrally planned economies;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • Y40 - Miscellaneous Categories - - Dissertations - - - Dissertations

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