Dr. Wilhelm Lautenbach (* 26 August 1891 in
Zwinge
Zwinge is a village and a former municipality in the district of Eichsfeld in Thuringia, Germany. Since 1 December 2011, it is part of the municipality Sonnenstein,Davos
, neighboring_municipalities= Arosa, Bergün/Bravuogn, Klosters-Serneus, Langwies, S-chanf, Susch
, twintowns =
}
Davos (, ; or ; rm, ; archaic it, Tavate) is an Alpine resort town and a municipality in the Prättigau/Davos R ...
) was a German official at the Economics Ministry at the beginning of the 1920s.
He is known primarily for the so-called Lautenbach Plan, which was discussed at a secret conference on 16 and 17 September 1931 and first rejected but parts of it later implemented by the
Papen and Schleicher governments. He has been called "a pre-
Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in m ...
Keynesian".
The German economist
Wolfgang Stützel
Wolfgang Stützel (23 January 1925, in Aalen, Germany – 1 March 1987, in Saarbrücken, West Germany) was a German economist and professor of economics at the Saarland University, Germany. From 1966 to 1968 he was member of the German Council o ...
who developed the ''
Balances Mechanics
The Balances Mechanics (german: Saldenmechanik; from balances of bookkeeping respectively the credit system and mechanics to characterize the strict universal identities) is a work and mean of economics, comparable with Stock-Flow Consistent Model ...
'' (German: ''Saldenmechanik'') appreciates Wilhelm Lautenbach regarding his
credit theory of money (''Kreditmechanik''), calls it "Lautenbachsche Kreditmechanik".
[Hartmut Schmidt, Eberhart Ketzel, Stefan Prigge (Hrsg.): ''Wolfgang Stützel – Moderne Konzepte für Finanzmärkte, Beschäftigung und Wirtschaftsverfassung.'' Tübingen 2001. Vorwort XII.]
online
Works (selection)
* Lautenbach Plan (Möglichkeiten einer Konjunkturbelebung durch Investition und Kreditausweitung), 9. September 1931 (PDF; 151 kB).
References
*
*
1891 births
1948 deaths
People from Eichsfeld (district)
People from the Province of Saxony
German economists
{{Germany-economist-stub