Richard Overy: Economy

Richard Overy is British historian. Explore interesting quotes on economy.

Richard Overy: 28 quotes0 likes

“The [Nazi] regime was also able to use the state-owned multi-nationals as a ‘battering ram’ for entering economies that were not occupied territory.”

Source: War and Economy in the Third Reich (1994), p. 330

“The outcome [of the Nazi economy] was a command economy, governed by military priorities, but run by a coalition of state officials, soldiers, party hacks and industrial technocrats.”

Source: War and Economy in the Third Reich (1994), p. 17

“Historians now debate whether Britain had a ‘managed economy’ by 1939, the very term—die gelenkte wirtschaft—adopted by German economists in the 1930s to describe the Nazi economy.”

Source: War and Economy in the Third Reich (1994), p. 17

“Göring industrial empire represented, in this sense, one of the major steps towards restricting private industrial capitalism and substituting a ‘völkisch’, state-run industrial economy.”

Source: War and Economy in the Third Reich (1994), p. 146

“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

Source: War and Economy in the Third Reich (1994), p. 16

“[T]here could be no guarantee in a free market that the interests of race or state as Hitler defined them would take priority over the interests of businessmen or consumers. After 1933 the role of the state in regulating and directing economic life increased sharply, first in order to encourage economic revival, then to divert economic resources to the growth of German military power… [which] led, in an unplanned, incremental way, to the establishment of a kind of command economy.”

Source: War and Economy in the Third Reich (1994), pp. 1–2