An Economic History of the First German Unification: State Formation and Economic Development in a European Perspective

This book explores how Germany's transition from a post-Malthusian regime to modern economic growth coincided with the formation of a modern nation-state between the late 1860s and the early 1880s, and how state formation contributed to economic development. It identifies three channels by which national unification contributed to Germanys economic development: creation of a nation-state, increased integration of domestic markets, and promotion of market-preserving federalism. It also highlights additional factors in nineteenth-century economic development, such as the first wave of modern globalization and economic geography.

Format: Hardback
Length: 378 pages
Publication date: 27 March 2023
Publisher: Taylor & Francis Ltd

Germany's transition from a post-Malthusian regime to modern economic growth, coinciding with the formation of a modern nation-state between the late 1860s and the early 1880s, is a fascinating chronology. This transformation culminated in the events of 1871, raising crucial questions about the role of state formation in economic development. To address this, this book comprises twenty chapters authored by esteemed experts in their respective fields. These chapters collectively identify three channels through which national unification contributed to Germany's economic growth:

Creation of a Nation-State: The nation-state formation completed the institutional unification of a vast inland area, enhancing the integration of domestic markets. This increased economic interconnectedness facilitated trade and commerce, fostering economic growth.

Enhanced Political System Capacity: Unification brought about a more robust political system capable of regulating complex domains such as stock companies, patenting, and social insurance. The establishment of clear regulations and institutions streamlined economic activities and promoted stability.

Market-Preserving Federalism: The emerging political regime of market-preserving federalism fostered the quality of economic institutions. It balanced the interests of different regions and sectors, ensuring a fair distribution of resources and promoting economic efficiency.

In addition to Germany, a set of chapters explores the experiences of other European economies during the second half of the nineteenth century. These chapters highlight significant factors in nineteenth-century economic development, including the first wave of modern globalization and economic geography.

This book is of immense value to readers interested in state building, economic history, Germany, Europe, and the economic effects of political integration and decentralized state growth. It provides valuable insights into the complex dynamics that shaped nineteenth-century economic development and offers valuable lessons for contemporary policymakers and scholars.

Weight: 880g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032254838