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The Change in Leadership and Continuity in an Enterprise

First of all, Herr von Siemens, let me offer you my very warmest congratulations on your 70th birthday, which we are celebrating here today.
Wilfried Guth

On the Re-Discovery of the Entrepreneur in Economic Policy Discussion

In “Wilhelm Meisters Wanderjahre” Frau Susanne, the widow of a Swiss cotton manufacturer, says to Leonardo: “The ever-growing use of machines frightens me, it is creeping up on us like a thunderstorm, slowly; but it is on the move, it will surely come... there are only two alternatives to choose between and one is as bad as the other: We can either join the new movement ourselves and hasten our downfall or move, take the best and worthiest with us and seek a better life beyond the seas. Each has its drawbacks. But who can help us weigh the reasons which should guide us?” (Goethe, 1976 edition, p.453f.)
Horst Albach

The Banks and the Steel Industry in the Ruhr Developments in Relations from 1873 to 1914

The growth of the iron and steel industry before the First World War is seen in literature as closely related to the development of the major German banks. Helmut Böhme pointed out a few years ago, however, that modern research is largely based on theoretical work as the factual basis is uncertain.1 The difficulty of obtaining adequate source material raises a number of problems in an attempt to establish the significance of the banks for the development of enterprises in the iron and steel industry in the Ruhr. The records of the major banks for the period up to 1914 appear to be lost. There are virtually no public records for this field. It is therefore only possible to make statements concerning the relation between the banks and enterprises in the iron and steel industry on the basis of the archives of the enterprises themselves.
Wilfried Feldenkirchen

The Entrepreneur, the Family and Capitalism Some Examples from the Early Phase of Industrialisation in Germany

The spirit and practice of capitalism emerged from non-capitalist structures and processes and were nourished by them for a long time. Max Weber illustrated this i. a. in his discussion of the relation between the Protestant ethic and the spirit of capitalism; Joseph Schumpeter generalised it and stressed the importance of pre-capitalist élites for the emergence and maintenance of the bourgeois capitalist economic and social systems. Many others have taken up the same idea, developed it further, differentiated and supplemented it. It would seem appropriate to examine it in terms of the relation between the family and (industrial) capitalism.1
Jürgen Kocka

The Social Integration of Entrepreneurs in Westphalia 1860–1914

A Contribution to the Debate on the Position of Entrepreneurs in Society of Imperial Germany
The extensive discussion on the role of the entrepreneur in the state and society during the second half of the nineteenth century1 often makes us overlook that the entrepreneurs were not only a separate and distinct, economically determined interest group in society but that they were also bound to the other groups by personal ties. An examination of the direction, intensity and motivation of these ties and the extent to which they may have been influenced by economic and social factors will enable conclusions to be drawn about the entrepreneurs’ image of themselves and their image as a group. These two aspects in turn give rise to the question of the social position of the entrepreneurs and its determinant features. The following article is an attempt to outline this.2
Hansjoachim Henning

The World Economy in the 20th Century-Continuity and Change

When the Board of the German Historians’ Association asked me to give the concluding lecture on the world economy in the twentieth century at its congress I had to find a way of making at least a few conclusive and well-founded remarks on this vast subject within the space of one hour.
Wolfram Fischer


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