Nationalist Economy. On the introduction of racist parameters in economies in Europe between the wars 1918-1939
When Werner Sombart published his study “Die Juden und das Wirtschaftsleben” 100 years ago, he paved the way for an anti-Semitic tendency towards viewing Jews as a distinct, peculiar group within the German economy. A short time later, with the outbreak of the First World War, the liberal global economic system which was based on principles of free trade and most favoured nation treatment and negotiated in gold parities finally collapsed. In its place, economic regimes were installed in Europe which not only jealously guarded their borders by means of customs duties and currency and transfer restrictions but also increasingly sought to reserve trade, industry and agriculture for certain sections of the population, defined by their social or ethnic identity.
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