The Austrian economist

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The Austrian economist

description Austrian political magazine
Area of ​​Expertise Economic policy
First edition 1908
attitude 1998
founder Walther springs
ISSN (print) 0029-957X

The Austrian Economist was an Austrian economic policy journal founded in 1908 and existing with interruptions until 1998 .

The "Zeitschrift für Industrie und Finanzwesen" was published from volume 1 (1908/09) to January 31 to October 1938. The year was continued in 1945. In that year, the company was renamed Der Volkswirt (born between 84 and 1998). The magazine was not published from 1939 to 1944. The periodicity of the appearance was irregular. Since 1908 the section "The balance sheets" has appeared as a supplement

The model for the weekly newspaper founded by the economist Walther Federn with support from banking circles was the London Economist, founded in 1843 . The independence of advertisers, political parties and other "sponsors" was a particular concern of Federn. Feder headed the magazine until 1934, from 1914 to 1925 Gustav Stolper , who joined the editorial team in 1911, was co-editor (Stolper moved to Berlin in 1925, where he founded his friend's magazine Der Deutsche Volkswirt ). The paper became particularly important in the interwar period. At that time it was read a lot in the successor states of the Danube Monarchy. The main editorial office was in Vienna (Porzellangasse 27), there was also an office in Prague and correspondents in Berlin, Budapest, Agram (Zagreb), Warsaw and Bucharest. The contributors included numerous important social scientists and other well-known personalities, such as Karl Polanyi , Joseph Schumpeter , Gottfried Haberler , Friedrich August von Hayek , Fritz Machlup , Oskar Morgenstern , Michael Hainisch , Friedrich Hertz , Hans Kelsen , Paul Lazarsfeld , Benedikt Kautsky , Karl Pribram , Peter F. Drucker , but also the inglorious Hermann Neubacher and Arthur Seyss-Inquart, who emerged from the Nazi era . The later German President Theodor Heuss , a friend of Gustav Stolper, also wrote for the paper.

The Austrian economist always pursued an anti-Marxist line shaped by the liberal German movement, but in strict opposition to fascist and authoritarian governments. The financial economy was never viewed as an isolated phenomenon, but always analyzed in connection with developments in the real economy. The magazine also showed sympathy for social democracy and its interventionist concepts, for example in terms of tenant protection and in relation to the Viennese community buildings financed through the housing tax . She therefore ran into political difficulties in 1934.

In the September 1, 1934 issue, the magazine announced the "voluntary" resignation of the editor Walther Federn. Ownership and editing went to Maria L. Klausberger, who had been a member of the editorial team since 1931. Regardless of the prevailing political pressure, the Volkswirt continued to publish critical articles, such as a corresponding analysis of the professional May Constitution of 1934. This came to an end after the “Anschluss” . On March 12, 1938, the last issue of the magazine was published under Klausberger's direction. In December 1945 Margarethe Klausberger-Fuchs, Maria Klausberger's adoptive daughter, re-founded the magazine, but could not continue its earlier importance. Significant parts of the earlier readership, the German-speaking business elites in East Central Europe, were also driven out or destroyed by the events of World War II. The economist ended his publication largely unnoticed in 1998.

For its heyday during the Austrian First Republic, the magazine is still an important source of information. Economic historians such as Karl Ausch , Eduard März and Fritz Weber have drawn on it in great detail. Above all, the analyzes of the paper on the banking crises of that time ( Central Bank of the German Savings Banks , Postal Savings Bank Scandal, etc.) attract attention to this day. The economist also referred early on (on March 17, 1929) to the "tense" situation of the Bodencreditanstalt , the collapse of which in October 1929 shook Austrian economic life.

literature

Individual evidence

  1. ↑ After Chaloupek, From Stabilization to Depression. Comments in the Austrian economist on Economic Policy in Austria between 1923 and 1929 , page 73, footnote 1) acted as "midwife" mainly Siegfried Rosenbaum , the then President of the Anglo-Austrian bank on