Making Profits in Wartime: Corporate Profits, Inequality, and GDP in Germany During the First World War

@article{Baten2005MakingPI,
  title={Making Profits in Wartime: Corporate Profits, Inequality, and GDP in Germany During the First World War},
  author={J. Baten and R. Schulz},
  journal={Wiley-Blackwell: Economic History Review},
  year={2005}
}
  • J. Baten, R. Schulz
  • Published 2005
  • Economics
  • Wiley-Blackwell: Economic History Review
  • Making profits in wartime: corporate profits, inequality, and GDP in Germany during the First World War. This article reconsiders, and rejects, Kocka's (1973) hypothesis that a strong income redistribution from workers to capital owners occurred in Germany during the First World War. A small number of firms profited from the war, but the majority experienced a decline in real income, similar to the decline in workers' real wages. This finding also has important implications for the political… CONTINUE READING
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