Epilogue
Socialist economic theorizing came to a sudden end with the take-over of the Nazi government in Germany in 1933 and the establishment of authoritarian rule in Austria 1934. When the debate resumed in 1945, many contributions came from scholars who had been forced to emigrate after 1933.
The introduction of a system of national planning of the type discussed before 1933 still dominated contributions of the late 1940s, with a mix of public and private ownership of the means of production (Ortlieb 1947; Sering 1948; in Austria: Bayer 1947). Towards the end of the 1950s, the economies of Germany and Austria reached a state of full employment. Return to normal economic conditions was faster than anticipated. In the 1950s, growth of the economy surpassed even the most optimistic expectations. Keynesian macroeconomics became the theoretical foundation of a new regime of managing broad economic aggregates.Gunther Chalθupek
See also:
Oskar Ryszard Lange (I); Karl Heinrich Marx (I); Marxism(s) (II); Ludwig Heinrich von Mises (I); NonMarxian socialist ideas in France (II); Non-Marxian socialist ideas in Britain and the United States (II); Karl Polanyi (I); Gustav Friedrich von Schmoller (I); Adolph Heinrich Gotthilf Wagner (I); Friedrich von Wieser (I).