Wilhelm Röpke’s Report on the Brauns Commission: Advocating a Pragmatic Business Cycle Policy

The Brauns Commission was initiated in January 1931 by former Labor Minister Heinrich Brauns upon the request of the German Chancellor Heinrich Brüning. The commission was assigned to make recommendations helping to solve the dramatic rise in unemployment during the Great Depression and its related costs. In light of the German tradition of crisis expertise in the 1920s and of Wilhelm Röpke’s analysis of the discussions among the commission’s experts, Commun presents new insights into Röpke’s positions as a pragmatic liberal in dramatic times. In the midst of the massive economic and financial depression in 1931, Röpke recommended a moderate countercyclical stimulus policy. Targeted at this very particular moment of time in Germany, he appears as a proponent of a “pragmatic business cycle policy.”