2009/01/01 by Michael Grömling, Grömling, Michael
Economics, Econometrics and Finance · Social Sciences · #1918-33) #Bruttosozialprodukt #European history and politics #F. #Geldpolitik #German Economic Analysis & Policies #Great Depression #Hayek #Historical Economic and Social Studies #Investition #J. #Kapitalertrag #Keynes #Konjunkturtheorie #Konjunkturzyklus #Kreditpolitik #Leistungsbilanz #Nordamerika #North America #Schumpeter #Sparen #Staat #USA #United States of America #Weimar Republic (Germany #Weimarer Republik #Weltwirtschaftskrise #Zahlungsbilanz #Zinssatz #balance of payments #business cycle #business cycle theory #credit policy #current account #economic theory #gross national product #historical analysis #historische Analyse #interest rate #investment #investment income #monetary policy #national accounts statistic #national state #savings #volkswirtschaftliche Gesamtrechnung #ökonomische Theorie
paper · doi:10.12759/hsr.34.2009.4.402-418
openalex publication_date 2009/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/01
After a brief survey of the relationship between investment and business cycles the article analyzes whether there was macro-economic overinvestment in the second half of the 1920s in the U.S. and in Germany. Based on different indicators no empirical evidence for excessive investment in machinery and equipment as well as in buildings in the wake of the Great Depression is found.