The Political Economy of German Capitalism

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Focusing on the political and economic dimensions of capitalist development in Germany, the author examines the country's growth patterns from 1950 to 2020, highlighting the rise and fall of the "economic miracle." Utilizing the Caldorian approach and Kurihara's neo-Keynesian model, the analysis emphasizes the impact of supply-side factors and the importance of both physical and human capital. The study incorporates an endogenous growth model to assess total factor efficiency in relation to global standards, providing a comprehensive view of Germany's economic evolution and its role in European integration.