The Theory of Capitalism in the German Economic Tradition: by Yuichi Shionoya (auth.), Prof. Dr. Dr. h.c. Peter Koslowski

By Yuichi Shionoya (auth.), Prof. Dr. Dr. h.c. Peter Koslowski (eds.)

The conception of capitalism and of the industrial order is the crucial subject of the German monetary culture within the twentieth century. Capitalism has not just been the subject for Marxist economics and for the Frankfurt college but in addition for the ancient university and for the postmarxist conception of capitalism in Ordo- and Neo-Liberalism in addition to in Solidarism. The query of the principles of the industrial order of the industry economic climate and of capitalism in addition to the matter no matter if a 3rd direction among capitalism and social­ ism is feasible occupied this practice from the old college to Ordo­ Liberalism and the idea of the social marketplace economic climate. the idea of capitalism and of the social industry economic system in addition to the critique and reform built during this theoretical culture is necessary for the idea of monetary platforms in addition to for ultra-modern difficulties of the eco­ nomic order. Its relevance for the current international economic climate is noticeable within the discussions even if there exist diversified types of capitalism and whether or not they should be defined because the Anglo-American and because the Rhenish version of capitalism stimulated via the idea of the German monetary culture. Michel Albert, the writer of this category, gave the keyword in his publication Capitalism opposed to Capitalism. The papers of this e-book might help to explain this debate by means of giving a primary hand advent to a few of the most fiscal thinkers of capitalism.

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Additional info for The Theory of Capitalism in the German Economic Tradition: Historism, Ordo-Liberalism, Critical Theory, Solidarism

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Lederer, like Marschak and economists from the Kiel Institute of World Economics, such as Gerhard Colm, Adolf LOwe and Hans Neisser, played a very active role in that debate. In 1975 Georges Garvy (1913-87), who had been a young student of Lederer in Berlin 193133 and now was Vice President of the Federal Reserve Bank of New York, published an article 'Keynes and the Economic Activists of Pre-Hitler Germany' (Garvy 1975) in a leading American journal which was not only 15 See LEDERER (1938, ch.

32 Many articles on this issue were published in Social Research, starting with a paper by Borgese on the intellectual origins of fascism in the very first volume. Some projects deserve special attention.

But the economic thinking of Lederer, who remained a life-long 'liberal socialist' was formed by his Vienna teachers, among whom Philippovich, who was one of the leading socialists of the chair, had perhaps the greatest influence. His very first scientific publication (1906) documents Lederer's early intensive study of Marx' Capital. Although he EMIL LEDERER: ECONOMICAL AND SOCIOLOGICAL ANALYST was strongly influenced by Marx' philosophy of history (without its Hegelian flavour), by Marx' analysis of accumulation and technical progress and by Hilferding's book on Finance Capital, Lederer never became an orthodox Marxist.

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