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a shaft of light from the telos falls onto labour. Basically, people are too short-sighted. They misinterpret the light that falls on labour from ultimate goals. Instead, they take labour qua labour as the telos and hence see their personal work success as that purpose. That is the secret. If they …

Reason, which is essential to keep the machinery in motion, necessarily contains its other. When you start to think, you cannot stop short at purely reproductive thinking. This does not mean that things will really work out like that, but you cannot think without thinking that otherness. The genera…

The centerpiece of their July 1932 election propaganda, the Wirstchaftliches Sofortprogramm (the immediate economic program) laid out an alternative to austerity that looked an awful lot like the WTB plan. The pamphlet's first three points could not have been more anti-austerity: first, "unemploy…

[...] the German government's deliberate policy, designed to make the payment of reparations, especially after the French occupation of the Ruhr, all but impossible. [...] As Albrecht Ritschl put it succinctly, "Inflation proved to be a formidable weapon against reparations creditors, at least in t…

[...] in the absence of any significant liquidity-constraint, "when spending cuts are perceived as permanent, consumers anticipate a reduction in the tax burden and a permanent increase in their lifetime disposable income." This leads them to spend and invest more today because they perceive that "…