IDEAS home Printed from https://ideas.repec.org/a/vrs/wirtsc/v103y2023i2p80-83n6.html
   My bibliography  Save this article

Inflations-Trauma? Die Hyperinflation von 1923 in Bildern und Theorien

Author

Listed:
  • Greitens Jan

Abstract

The inflation of 1923 was not a new experience; the feeling of uncertain monetary conditions had been deeply rooted in Germany since the early modern period. If there is a German trauma of inflation, it goes back to the Kipper and Wipper period at the beginning of the 30 Years War. Memories of the horrors of inflation were handed down into the 20th century, e.g., in the 18th, century by J. H. G. Justi and especially influential in the 19th century by Gustav Freytag. Only in the Federal Republic of Germany did a strong focus on the year 1923 set in. Based on this traditional historical experience, contemporaries explained inflation in 1923 by deviations from the metal standard and inflation was morally wrong. Its cause was seen in the lack of adherence to civic virtues. This normative level is closely linked to the economic discussion of inflation.

Suggested Citation

  • Greitens Jan, 2023. "Inflations-Trauma? Die Hyperinflation von 1923 in Bildern und Theorien," Wirtschaftsdienst, Sciendo, vol. 103(2), pages 80-83, February.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:2:p:80-83:n:6
    DOI: 10.2478/wd-2023-0026
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/wd-2023-0026
    Download Restriction: no
    File URL: https://libkey.io/10.2478/wd-2023-0026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    JEL classification:

    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

    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:vrs:wirtsc:v:103:y:2023:i:2:p:80-83:n:6. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.