The Great Economic Depression in the Weimar Republic, 1929-1933
Issue:
Volume 3, Issue 1, February 2014
Pages:
1-8
Received:
2 February 2014
Published:
10 March 2014
DOI:
10.11648/j.eco.20140301.11
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Views:
Abstract: The article deals with the Great Economic Depression of 19291933. The research problem is the depression’s negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to investigate how this depression influences the economy and finance of the newly democratic post-war German state called as the Weimar Republic. The particular importance of this research subject is the fact that among all European states at the time it was exactly the Weimar Republic to be mostly affected by the global crises with terrible consequences on social and political life which finally brought Adolf Hitler and his NSDAP to the power in Germany. From the methodological point of view we used a relevant scientific literature followed by the historical sourses. We found that a global Great Economic Depression had mostly nagative economic, social and political influences to the German Weimar Republic which finally became on January 30th, 1933 a prison of Hitler’s NSDAP party in order to seek its salvation.
Abstract: The article deals with the Great Economic Depression of 19291933. The research problem is the depression’s negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to investigate ho...
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The Theory of Time, Information and Money in a Competitive Market
Issue:
Volume 3, Issue 1, February 2014
Pages:
9-18
Received:
29 April 2014
Accepted:
21 May 2014
Published:
10 June 2014
DOI:
10.11648/j.eco.20140301.12
Downloads:
Views:
Abstract: The aim of this paper is to introduce a theory of competition that incorporates three variables namely the prices of the commodities, the cost of switching to competitive products, the time it takes to switch to competitive products and the amount of information available that would cause consumers to make the switch. The argument of this paper is that, simple plurality of producers and sellers in the market does not make for competition. Even if many producers or sellers selling homogenous products are operating in the market, competition would still be non-existent if buyers would not have equal access to the competing products that they sell. Equal access would permit each competing product to be equally selected if not bought. Normally, a perfectly working competitive market would indicate that all available products in the market would have equal probabilities of getting selected. That is, products would have a probability of 1/n each. With this assumption, the other aim of this paper is to combine the three variables into a single coefficient and since it is assumed that the prices of commodities, cost of switching, convenience to switch as indicated by the time and the amount of information available at the time of switching can affect the chances of commodities’ selection, then the coefficient can be multiplied with their probabilities to indicate the decrease or increase in the chances of their selection. The last aim of the paper is to combine all these probabilities in order to measure the degree of competition.
Abstract: The aim of this paper is to introduce a theory of competition that incorporates three variables namely the prices of the commodities, the cost of switching to competitive products, the time it takes to switch to competitive products and the amount of information available that would cause consumers to make the switch. The argument of this paper is ...
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