Adam Tooze But, as THE WAGES OF DESTRUCTION makes clear, Hitler was never remotely strong enough to beat either Britain or the. An extraordinary mythology has grown up around the Third Reich that hovers over political and moral debate even today. Adam Tooze’s controversial new book. Buy The Wages of Destruction: The Making and Breaking of the Nazi Economy New Edition by Adam Tooze (ISBN: ) from Amazon’s Book Store.

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Now we have already counted The sort of willing pan-European collaboration that could have made a difference, Tooze points out, was short-circuited not only by Nazi Germany’s inability to treat other polities as its equals but by the economical unsustainability of a Europe deprived of extra-European trade.

So what was the point in giving Germany an excuse to start adwm war, especially when delay was the best strategy?

The Wages of Destruction – Wikipedia

Dec 10, Russ rated it it was amazing. Read it Forward Read it first. Probably the most important area Tooze illuminated was the economic logic of Hitler’s war decisions. The Wages of Destruction: Now consider the Me jet.

I would have liked to see more hard data in the form of tables or graphs, but those that are provided are very illustrative. As an economist I enjoyed the reading of tloze book from the very first page to page This, of course, is what a centrally-planned economy, in contrast to a free market economy, attempts to do. The Second World War was fought, In one of the greatest miscalculations wagess all time, the US enacted stiff tariff barriers to foreign goods.

German industry and agriculture was highly dependent on the imports of natural resources, but, as the result of the repair payments imposed by the Treaty of Versailles, Germany suffered aram from a lack of foreign currency reserves.


Whatever Germany expected to gain had to be destruciton quickly. It was on the book of the year lists of both the Financial Times and the Economist.

Sign in via your Institution Sign in. In his long new book, the Cambridge historian Adam Tooze presents the Third Reich as an engine doomed to smash itself to smithereens not, as for Speer, from bureaucratic turf wars and Hitler’s chaotic office habits, but from its own birth defects. The traditional answer for questions like these is that Hitler simply wasn’t a very good military commander, but while this is perfectly true, Tooze looks deeply into the economic background of Nazi Germany and finds that a lot of the wackier-seeming choices the Nazi leadership made do make a bit more sense given the economic options oof to them, and even some of the more appalling facets of the Holocaust were driven as awges by industrial considerations as by ideology.

I’ve thought topze a couple of years that the definitive history of WWII has yet to be written. TheSoviet prisoners of war were already more than he could provide for.

Hitler’s gold

In the end, it all came crashing down. The author even denies the existence of Albert Speer armaments miracle.

However, the Nazi regimes resistance to devaluing their currency in order to stimulate exports in the face of a strengthening Reichsmark was not pursued for two reasons: A barter economy prevailed. The forum involved a spirited discussed with some of the leading exponents of that school.

This article is also available for rental through DeepDyve. The discussion of lebensraum is illuminating. The fact is that fascist Germany was never going to produce enough war material to achieve Hitler’s dream of Lebensraum for the German people. It needed to import iron ore, grain, animal feed, metals for the alloying process, rubber, and petroleum.

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Books about economic history History books about Nazi Germany books British books 21st-century history books Economics and finance book stubs German history book stubs Nazi Germany stubs Europe political book stubs World War II book stubs.

In Tooze’s account, the Nazi regime kept taking existential gambles — first, that they could attack Poland without a decisive allied thrust in the West, next that they could outmaneuver the allies in May ofnext that they could somehow knock Britain out of the war in by air or sea, and finally that they could crush the Red Army within two hundred miles of the frontier.

The Wages of Destruction – ADAM TOOZE

Goering had spoken casually of feeding the Eastern workers on cats and horse-meat. There is also plenty of insight about the inherent limitations of German geography and agriculture.

This article about a book on economics or finance is a stub.

But the leadership of the lumpen Nazi movement didn’t suffer from mass insanity and the millions of supporters they eventually gathered in Germany saw real benefits in their program. Alas I no longer have my copy and can’t check the footnotes, but this is an important enough methodological point that it deserved discussion in the main text. Don’t have an account? But the persistent reader will be rewarded by a book which confirms that the final word on one of the defining events of the 20th century has probably not yet been written.