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Socialism with a Human Face : Using Behavioural Economics to Understand East German Economic History - 2022 ed.

By: (Author) Gary B. Magee , (Author) Wayne Geerling

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Ksh 18,000.00

Format: Paperback / Softback

ISBN-10: 9811906661

ISBN-13: 9789811906664

Edition: 2022 ed.

Series: Palgrave Studies in Economic History

Publisher: Springer Verlag, Singapore

Imprint: Palgrave Macmillan

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Apr 2nd, 2023

Print length: 356 Pages

Product Classification: Behavioural economics
Economic history

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East Germany’s economic history is typically told as a story of the unravelling of an inherently flawed system. Unencumbered by political preconceptions, it offers a more realistic understanding of East German economic history than that derived from stagnant debates about the clash of systems.

East Germany''s economic history is typically told as a story of the unravelling of an inherently flawed system. Yet, while the system''s inefficiency is undeniable, its economic history was much richer than its comparatively poor economic performance suggests. For many who lived there, it was a system that, over its forty years, was capable of achievements and generally functioned at bearable levels. This book combines the insights of behavioural economics with archival research to peel away layers of rhetoric and assumptions about the East German economy and explore aspects of that underlying functionality.

Through a series of cases studies that examine the establishment of socialist workplaces, the searches for productivity growth and efficiency, and the emergence of financial crisis, the book considers the system from the perspective of the humans who operated it and made the decisions that made it work. Unencumbered by political preconceptions, it offers a more realistic understanding of East German economic history than that derived from stagnant debates about the clash of systems. The new perspectives and approaches presented demonstrate that, extracted from its Cold War context, East Germany''s economic history can be analysed for what it was, rather than for what it symbolised.  


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