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Erinnerungen eines politischen Meteorologen

1994

by Somary

BankingEconomic CrisisAlexis de TocquevilleCommunismNationalismFrench RevolutionAdolf HitlerImperialismInflationLiberalismGeopoliticsAustrian SchoolPolitical EconomyBureaucracyInsuranceMarxismSocial DemocracyTotalitarianismCarl MengerEugen von PhilippovichLabor Theory of ValueMarginal UtilitySocialismBusiness CyclesEugen von Bohm-BawerkFriedrich von WieserJoseph SchumpeterLudwig von MisesOtto BauerRudolf HilferdingJoseph StalinCapitalismAdolf WagnerGustav SchmollerProtectionismMax WeberSocial PolicySozialpolitikTrade UnionsKarl MarxMonopolyUnemploymentCapital MovementsGeorg Friedrich KnappGold StandardMonetary TheoryPrice TheoryWar EconomyOtto von BismarckGold ReservesReichsbankMonetary StabilityExchange ControlHjalmar SchachtPrice ControlsProperty RightsPublic FinanceRaw MaterialsWorld War IBank of EnglandBusiness Cycle TheoryCentral BankingDiscount RateFederal ReserveKnut WicksellCartelsLabor LawTrade PolicyRussian RevolutionPlanned EconomyHoardingAgricultureFree TradeFriedrich ListInternational TradeJohn LawJohn Maynard KeynesLaissez-faireDevaluationBalance of PaymentsWerner SombartEmil LedererGreat DepressionReparationsCustoms UnionTreaty of VersaillesLeague of NationsPublic HealthStatismAnschlussLionel RobbinsNew DealEconomic PolicyBenito MussoliniMontesquieuExchange RatesInternational Monetary FundBretton WoodsCold WarEuropean UnionKeynesian EconomicsNationalizationClassical EconomicsInternational LiquidityMarshall PlanAdam SmithTaxationDemocracyEconomic DevelopmentLiquidityMoney MarketSelf-DeterminationCapital FlightIrving FisherDavid RicardoJohn Stuart MillLujo BrentanoRule of LawGeorg Wilhelm Friedrich HegelFriedrich NietzschePositivismSovereigntyMonetary Policy

Table of Contents · 142 segments

1
Front Matter and Table of Contentsessay
2
Wolfgang Somary's Foreword to the Memoirsessay
3
Preface: A Political Meteorologist's Self-Justificationessay
4
Childhood and Youth in Viennachapter
5
Storm Years at the University of Vienna, 1899–1904chapter
6
University Freedom and Habsburg Containment of National Conflictchapter
7
Christian Socials, Social Democracy, and Austrian Social Conflictchapter
8
Dynastic Order, Political Violence, and Vienna as a Laboratory of Modern Ideologieschapter
9
Early Economic Work, Karl Menger, and the Beginnings of Sociological Studychapter
10
Philippovich, the Vienna School, and the Problem of Economic Crisischapter
11
Schumpeter, Otto Bauer, Socialism, Nationality, and the Fate of Austrian Talentchapter
12
Against Proletarian Dictatorship and for Broad Political Contactchapter
13
Family Loss, Russo-Japanese War, and Somary’s First Political Forecastchapter
14
Protectionism, Berlin, Russian Finance, and Schlieffen’s War Thinkingchapter
15
The Mannheim Verein für Sozialpolitik Debate on Union Compulsionchapter
16
From Social Liberalism to the Anglo-Austrian Bankchapter
17
Karl Morawitz and the First Russian Loan Memorandumchapter
18
London Mission over the Russian Loan and the Missed Anti-Russian Alliancechapter
19
Industrial Finance, Paris Capital Markets, and Credit Disciplinechapter
20
Freud, Psychoanalysis, and the Limits of Monomaniachapter
21
Agrarian Reform, Monopoly, and Labor Capacitytheoretical
22
Opening of the Bosnian Crisis: Ottoman Weakness and Balkan Nationalismchapter
23
Young Turks, Balkan Nationalism, and the Prelude to the Sandschak Railwaychapter
24
The Sandschak Railwaychapter
25
The Bosnian Annexation of 1908 and the Meeting of Edward VII and Franz Josephchapter
26
At Ernest Cassel's Riederfurka Retreatchapter
27
The Decision to Leave Viennachapter
28
The Crisis in Theoretical Economics, 1909theoretical
29
Departure from Vienna, 1909chapter
30
Farewell from Vienna, 1909chapter
31
Plan for Détente between England and Germany, Berlin 1910–1914chapter
32
Implementation of the Naval Program, 1911–1912chapter
33
Acquisition of the Orient Railways by Austria-Hungary, 1913chapter
34
Chinese Currency Reform Proposal and the Loans of 1913–1914chapter
35
Could the First World War Have Been Avoided?chapter
36
Failed Anglo-German Mediation after Sarajevo and the Road to Warchapter
37
The First World War Begins and Somary Accepts the Belgian Missionchapter
38
Berlin War Fever, Reichsbank Planning, and the Brussels Currency Crisischapter
39
Antwerp Capitulation and Inspection of the Belgian National Bankchapter
40
Design and Founding of the Provisional Belgian Note Bankchapter
41
Belgian Legal Approval, Francqui, and French Caricatureschapter
42
The Antwerp Contribution Dispute and Somary’s Threat to Resignchapter
43
War Economy Meeting at the Imperial Office of the Interior, 15 November 1914chapter
44
Aftermath of the Marne Intervention and the Taboo of Defeatchapter
45
Conclusion of Somary’s Belgian Mission, 1914–1915chapter
46
My Book Bankpolitik, Berlin 1915theoretical
47
Interruption of Banking Activity During the Warchapter
48
The Working Committee for Mitteleuropa, 1916chapter
49
Central Europe Working Committee: Program, Organization, and Seecktchapter
50
Unrestricted Submarine Warfare: The 1916 Crisis and Memorandachapter
51
Unrestricted Submarine Warfare: 1917 Decision, Collapse of Opposition, and Financial Warningschapter
52
The Day with Ludendorff in Kreuznach, 1917chapter
53
Ludendorff, Brest-Litovsk, Bolshevism, and the Exhaustion of Europechapter
54
Czech Legion, Pilsen, Baron Skoda, and the Opening of the Bucharest Peace Treaty Chapterchapter
55
The Bucharest Peace Treaty and Count Tisza, Spring 1918chapter
56
Max Weber and Schumpeter in Viennachapter
57
Austrian Mission to Bern and Vienna, November 1918–January 1919chapter
58
The Beginning of Banking Activity in Switzerland, 1919chapter
59
The Banking House Blankart & Cie. in Zurich, 1919–1926chapter
60
Postwar Banking Structure, Austrian Obligations, and Swiss Industrial Holdingschapter
61
Bankruptcy or Currency Collapse, 1919–1924chapter
62
Rapallo and the German Timber Credit, 1922chapter
63
From 1922 to 1929: Zurich, Hyperinflation Lessons, and German Creditchapter
64
Heat Lightning of the Crisis: The Fight for Free Trade, 1924–1927chapter
65
Pre-Years of the Crisis, 1926–1929: Short-Term Foreign Credit and Viennachapter
66
Ending the Rothschild-Blankart Arrangement Amid Crisis Warningschapter
67
Bleichröder, Mendelsohn, and Vienna’s Misread Crisis Signalschapter
68
Public Warnings in Cologne and Zurich, 1927-1928chapter
69
Heidelberg Lectures on Liberalism, Socialism, and Economic Ordertheoretical
70
Young Plan, Emergency German Finance, and the New York Crashchapter
71
My Marriage to May Demblin de Villechapter
72
The Political Consequences of the Crisis: London Lectureessay
73
Peak of the Crisis and the Predicted Turn in Mid-1932chapter
74
New York Depression, Kreuger Collapse, and the Forecast of a Crisis Turning Pointchapter
75
The Lausanne Conference and Papen’s Anti-Soviet War Proposalchapter
76
Naturalizing as Swiss Citizenschapter
77
Hitler’s Rise, the Letter to Schacht, the Leipzig Speech, and the London World Conferencechapter
78
The Saarbrücken Lecture and the Artificial Saar Questionchapter
79
Austria, Nazi Terror, Mitropa, and the Collapse of German Cultural Integritychapter
80
Swiss Devaluation, Monetary Morality, and Carter Glass on American Inflationchapter
81
The Intellectual Preparation for the Second World War: Zweig, Norman Davis, and Thucydideschapter
82
French Anxiety over German Resurgence in Ascainchapter
83
Zurich Lecture, Swiss Defense, and the First Conversation with Obrechtchapter
84
Obrecht, War Inevitability, and Decentralized Swiss Household Reserveschapter
85
Raw Materials, the Failed Glenn Martin Aircraft Plan, and Bureaucratic Sabotagechapter
86
The Anschluss as Precursor to the Second World Warchapter
87
Pontigny, Munich, and the Collapse of Czechoslovakiachapter
88
North American Journey and Reflections on American Society before Warchapter
89
Options versus Fixed Purchases after Praguechapter
90
Washington Mission and the Swiss War Options Contractschapter
91
Summer 1939 Family Arrangements in Chambésychapter
92
Geneva, Schacht, and the Imminence of Warchapter
93
The Second World War and the Renewed Washington Missionchapter
94
Swiss Banking Anxiety and Arthur Reitler’s Retirementchapter
95
Sumner Welles, France’s Collapse, and Swiss Financial Defensechapter
96
Prediction of the Allied Coalition and Family Exile in Americachapter
97
IG-Chemie, Swiss Asset Freezing, and Wartime Paymentschapter
98
War Experiences in Washington: Advisory Work and American Administrationchapter
99
American Wartime Administration and the Absence of War Aimschapter
100
The War with Japan and the Origins of Pearl Harborchapter
101
Days at Sugar Hill: Chief Justice Stone and the Peace Questionchapter
102
The Quebec Conference, September 1944chapter
103
The Struggle over the Mikado, 1945chapter
104
Currency Questions before the Landings in North Africa and Normandychapter
105
Bretton Woods, Swiss Caution, and the Limits of Postwar Monetary Institutionschapter
106
The Political and Social Transformation of America during the War Yearschapter
107
American Society, Education, Public Relations, and Strategic Misjudgments in World War IIchapter
108
Journey to Switzerland in 1945 and Encounters with the French Resistancechapter
109
The Transition Years to 1947–48: Switzerland, Potsdam, Disarmament, and Franco-German Prospectschapter
110
Paris Conversations, Return to Washington, and a Transatlantic Family Lifechapter
111
Washington after Roosevelt and the Accidental Presidency of Trumanchapter
112
The Ideological Weakness of the West and a Conversation with Schumpeterchapter
113
Swiss Neutrality, German Assets, and American Reparations Pressurechapter
114
The Marshall Plan, Dollar Shortage, and the Case for Free Tradechapter
115
Renner’s Letters, Czechoslovakia, and the American Turn in 1947chapter
116
The Death of Maychapter
117
Korea, the Yalu Defeat, and America’s Asian Misjudgmentschapter
118
The Crisis of Democracy and a Warning to Americaessay
119
America’s Public Opinion, Prestige, and Democratic Weaknessessay
120
Why Do You Still Remain Active in Life?essay
121
Appendix: Warning to Germany Before the First World Waressay
122
Appendix: Memorandum on the Future of Polandessay
123
Continuation of the Polish Settlement Plan: Objections and Answersessay
124
Warning to Germany against Unrestricted Submarine Warfareessay
125
Financial and Strategic Risks of American Entry and Unrestricted Submarine Warfareessay
126
Unrestricted Submarine Warfare and American Intervention (Continuation)essay
127
Warning to Germany against Unlimited Inflation and Its Consequencesessay
128
Warning of the Coming World Crisisessay
129
Warning to England about Hitler and the Second World Waressay
130
Warning to America about the Impending Conflict with Russiaessay
131
Warning to America about the Dangers of Its World Positionessay
132
Warning to America about the Coming New Crisisessay
133
Are Crises a Thing of the Past?essay
134
Introduction to Economicstheoretical
135
Germany Between the Two World Powersessay
136
The Social Laws of Inverse Proportionchapter
137
The Twenty Social Laws: Power, Responsibility, Rights, State Control, and Mass Resistancetheoretical
138
Civilization, Freedom, Legal Complexity, Transport, Information, and Compassiontheoretical
139
Tyranny, Fanaticism, State Finance, Money, and the Concentration of Wealth and Powertheoretical
140
Effect of the Social Laws: Popular Sovereignty and the Danger of World Tyrannyessay
141
Future Prospects of Democraciesessay
142
Bibliography of Felix Somary's Publicationsbibliography