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Internationale Studien zur Geschichte von Wirtschaft und Gesellschaft

Teil 1 und Teil 2

Edited By Karl von Hardach

Wirtschafts- und Sozialhistoriker – gut eine halbe Hundertschaft aus zwölf Ländern – bieten einen bunten Strauß ihrer akademischen Arbeiten von der Antike bis zur Gegenwart. Zu Worte kommen Professoren und Praktiker (Anwälte und Archivare, Beamte und Bankiers, Gymnasiallehrer und Geschäftsleute – alle mit einem Herzen für die Historie). Sie bieten Einblicke in die Breite und Tiefe wirtschafts- und sozialgeschichtlicher Untersuchungen und belegen Methodenvielfalt und Darstellungsmannigfaltigkeit wie sie heute weltweit praktiziert werden. Der Band enthält Beiträge in deutscher und englischer Sprache.

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Water Conservancy and Property Rights in the Lake Tai Basin During The Southern Song Dynasty (1127-1279): John R. Stuermer

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1072 for investment purposes much foreign capital and is still not too risky – espe- cially not politically too risky for the foreign investor. 3.7 One more difference to the recent past is that with low and faltering eco- nomic growth and hardly any demand for investment we are going to be faced with a slightly deflationary general scenario all round. Some economists in the USA, e.g. Blanchard or Krugman, are hoping for the contrary: for mild inflation. The Americans reduced the real load of their federal debt by inflation: once drasti- cally, from 1945 to 1953, and once more mildly so, in the 1970s. But both times, the rate of inflation came as a surprise; and debtors cannot be taken by surprise again: they will have learned. Furthermore, mild inflation presupposes willing spenders and in a stagnant economic climate those are rare. The experience of Japan has taught us that faltering growth, which we are going to face the world over after the Kondratieff boom of 1995-1999 for at least the next decade, makes for repeated bouts of mild deflation. The European Central Bank has as its cen- tral objective the prevention of inflation and therefore forces European nations to a speedy cure of their budget deficits. That will have deflationary effects, on the average. And the USA, whose government at present would like to overspend, is with now already 93 percent already surpassing the 90 percent of GDP national debt threshold which, according to Reinhardt and Rogoff, forces nations...

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