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Revista de Economia Política, vol 29, nº 2 (114), pp 245-266, abril-junho/2009
uma interpretação do Primeiro Milagre
econômico alemão (1933-1944)
riCarDO Luis Chaves FeiJó*
An interpretation of the First German Economic Miracle. The German Third
Reich was successful in reaching its economical objectives. It is intended to explain
the causes of the First German Economic Miracle, fitting its economic system into
the category of command economy, which does not confuse itself with the centrally
planned economy. Thus, in the first section, we describe the so adopted politics in
this period and explain how they had led to the recovery of the German economy.
The second section evaluates global indicators of economic performance and pop-
ulation welfare. We are looking for to demonstrate the hypothesis that the Nazi
economy was efficient. Such efficiency is explained by the characteristics of the Ger-
man model.
Keywords: Nazi Germany; economic performance; command economy.
JEL Classification: N44.
INTRODUçãO
A economia alemã no Terceiro Reich foi eficiente, e não apenas quanto ao es-
forço de guerra, mas para manter um nível de consumo civil relativamente satisfa-
tório. Tradicionalmente acredita-se que a economia alemã tenha se orientado para
ser uma economia de guerra mesmo em tempo de paz – o período anterior à eclosão
do conflito mundial. Na verdade, o oposto ocorreu: foi uma economia de paz em
tempo de guerra, pelo menos ainda durante os primeiros anos do conflito.
O objetivo do ensaio consiste em examinar uma ampla fonte de dados sobre a
economia alemã do período. Ele examina por meio de quais medidas de política
* Professor Livre-Docente (Associado) em dedicação integral à docência e pesquisa, Faculdade de Eco-
nomia, Administração e Contabilidade de Ribeirão Preto,
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