Germany started fighting WWI in 1914 with a GDP per capita measured in Maddison 1990s dollars of c. $3800 i.e. that of lower middle income country. War expenditure rockets to 50% of GDP by 1917 and GDP collapsed.
Stark data from @mark4harrison and Broadberry Economics of WWI. https://t.co/Z7K2mmESYo
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…