Details

Autor(en) / Beteiligte

• Sauer, Beate
• Sell, Friedrich L.

Titel

Lost in translation - a revival of Wolfgang Stützel's Balances Mechanics

Ist Teil von

• The European journal of the history of economic thought, 2018-05, Vol.25 (3), p.401-427

Ort / Verlag

London: Routledge

Erscheinungsjahr

2018

Quelle

Taylor & Francis

Beschreibungen/Notizen

• Wolfgang Stützel was a prominent German economist who coined a very special terminology in national accounting and in international economics. Therefore, it can be said that his contributions to economics got lost in translation. Especially, the Balances Mechanics approach and the paradox of competition are his biggest achievements in economic theory, but he never received international recognition. The objective of this paper is to pay tribute to his work by applying his analytical frameworks to the balance of payments crisis in the Eurozone and to the distributional impacts of austerity policy.