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The Take-Off in Germany

In: The Economics of Take-Off into Sustained Growth

Author

Listed:
  • Walther G. Hoffmann

    (University of Münster)

Abstract

In dividing the process of economic growth into different stages the question arises whether quantitative criteria such as investment ratios and the rate of growth of real income would suffice or whether qualitative criteria should be applied in addition. In our opinion only the application of both sets of criteria can be adequate. The economic upheavals in Germany during the first half of the nineteenth century can be accounted for by qualitative changes which sometimes proceeded discontinuously, as, for instance, those brought about by the ‘freedom of trade’ (Gewerbefreiheit) and the establishment of the Customs Union (Zollverein). Sometimes these changes occurred slowly and continuously as was the case with the transition from traditional to rational methods in the economy. These qualitative changes had quantitative effects in the long run. There was no sudden acceleration in the rates of growth in real income and in number of prodpction series. Hence we are led to apply qualitative as well as quantitative criteria when demarcating the take-off period in Germany and offering an analysis of it.

Suggested Citation

  • Walther G. Hoffmann, 1963. "The Take-Off in Germany," International Economic Association Series, in: W. W. Rostow (ed.), The Economics of Take-Off into Sustained Growth, chapter 0, pages 95-118, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-00226-9_6
    DOI: 10.1007/978-1-349-00226-9_6
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    Cited by:

    1. Sarferaz, Samad & Uebele, Martin, 2007. "Tracking down the business cycle: A dynamic factor model for Germany 1820-1913," SFB 649 Discussion Papers 2007-039, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    2. Erik Hornung, 2012. "Human Capital, Technology Diffusion, and Economic Growth - Evidence from Prussian Census Data," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 46.
    3. Michael D. Bordo & Anna J. Schwartz, 1980. "Money and Prices in the Nineteenth Century: Was Thomas Tooke Right?," UCLA Economics Working Papers 188, UCLA Department of Economics.
    4. Sarferaz, Samad & Uebele, Martin, 2009. "Tracking down the business cycle: A dynamic factor model for Germany 1820-1913," Explorations in Economic History, Elsevier, vol. 46(3), pages 368-387, July.
    5. Tommy Krieger, 2022. "Elites and Health Infrastructure Improvements in Industrializing Regimes," CESifo Working Paper Series 9808, CESifo.

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