International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

Employment, the Keynesian Theory and the Phenomenon of Nazism
Eleftherios Giatrakis

The present paper seeks to investigate the nature of the Nazi economic recovery during the early period of the Third Reich. Inevitably, the international problem of high unemployment figures throughout the industrialized world prevailed upon Germany as well. Many writers on this issue have pointed out, some years after the end of the Second World War, a historical relevance between the suggestions of the British economist, John Maynard Keynes, and the ways the Germans dealt with their unemployment crisis. However, since then the majority of historians have taken an opposite direction. Despite this late trend, the present survey regards the Nazi economic recovery as Keynesian, because of two elements existing in the early economic history of the Third Reich: ‘rationalization’ and ‘continuity’.

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