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Teutocapitalism: How German Thinkers Made the Modern Economy

Teutocapitalism: How German Thinkers Made the Modern Economy

Paperback

Economics

PREORDER - Expected ship date January 19, 2027

ISBN10: 1509571752
ISBN13: 9781509571758
Publisher: Polity Press
Published: Jan 19 2027
Pages: 232
Language: English
From Adam Smith's defence of the power of self-interest to modern liberal defences of free trade, we typically associate the intellectual basis of capitalism and markets with Anglo-American thinkers. In doing so we neglect a powerful alternative tradition of German origin: teutocapitalism.

In this brilliant work of intellectual reconstruction, Philipp Robinson Rössner looks at some of the classic questions of economic theory - how do countries grow rich? why do some nations develop whilst others remain poor? how do markets work? - through this unfamiliar - but powerful - lens. He shows how the 'teutocapitalists', with their distinctive emphasis on the morally, culturally and historically embedded nature of economic institutions, the importance of broad measures of public happiness, and a more production-focussed and pragmatic approach to economic statecraft, formulated an enduringly valuable alternative to British, American and French perspectives on economics.

Rössner demonstrates how this tradition and its ideas represent a rich historical tool for deepening our contemporary economic understanding. No-one interested in economic history or modern debates about economic policy can afford to miss this highly original new book.

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