V. N. Shenaev. CHARACTERISTICS OF THE REPRODUCTION PROCESS (EXPERIENCE OF GERMANY). Reports of the Institute of Europe № 168. «OGNI TD» Moscow 2005.

Annotation

The work analyses five postwar economic cycles in Germany and discloses their common characteristics and peculiarities. The capitalist production, distribution, turnover and consumption are being determined by the market forces and assume the shape of pe­riodic cycles. Every cycle passes through the phases from crisis and depression to recovery and growth, introducing significant changes and surpassing the peak of the previous cycle. In other words, the expanded reproduction is imminent for the capitalist economy. The analysis of the cycles is closely related to the doctrines and con­cepts, used by the ruling parties in their struggle for power and in the process of forming the government and Bundestag. The work gives due attention to the personalities who influence the pace of economic development. It studies the new instruments, which they use for realization of corresponding doctrines. The author asserts that Germany has not yet succeeded in avoiding the cyclical type of development, crises and depressions. In this connection the work outlines certain shortfalls and mistakes in the economic policy.