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Milton Friedman hung up the phone in disgruntlement. The most influential economist of the postwar era had just called three different banks, one in Chicago and then two in New York, in order to initiate a financial transaction. He wanted to sell short $300,000 in pound sterling. Short selling is a technique for speculating on falling prices. Initially, speculators can only speculate on rising prices: they buy something and hope that it gains value, so that they can sell it at a profit. If the price for this asset goes down instead, the speculator incurs a loss when he resells it. So in order to profit from falling prices, speculators need to sell first and buy later – which is indeed possible if what is sold now is in fact only to be delivered a few weeks later. If the speculator is right and prices fall in the interim, he can buy cheap just before delivery is due and thus profit from having already sold what, at the time, he had not yet owned.
Marketization is a broad term with a wide range of meanings. It encompasses measures of deregulation and privatization as well as the perceived increase of an ›economic‹ logic in social relationships. For historical purposes, the term should not be narrowly defined, and nor should the concept of marketization be used in an ahistorical manner detached from contemporary usage. However, there are two questions which the historical analysis of marketization needs to address. First, what is the conceptual understanding of the market mechanism to which the term marketization is linked? Second, what is the relationship between marketization and economic theory?
Theory matters. Most historians would probably agree with this postulate, in the sense that theories from disciplines such as sociology, economics or psychology can sharpen historical analyses of any topic (though many of them may prefer quite pragmatic, common-sense approaches in their own empirical studies). But when it comes to a historical understanding of a phenomenon like marketization, theory does remain an analytical resource – and at the same time turns into a multifaceted object of research. The way we think about markets is highly affected by theorists, and not only by their ideas but also by their effectiveness in making them influential over specific periods of time.
Youth Organizations
(2019)
Hitler Youth, Komsomol, Boy Scouts – no grand narrative of the twentieth century can ignore these youth leagues and their millions of members. For some these organizations meant fun and games or adventure, for others rigid hierarchies and political indoctrination. These stereotypes notwithstanding, historians have nevertheless succeeded in painting a nuanced picture of this pedagogical innovation. This contribution outlines the key developments in scholarly debate and shows how addressing youth organizations can benefit core working areas of contemporary history.
Moderne (english version)
(2018)
The word Moderne (modernity) has been a staple of many disciplines ever since the 1980s, though previously restricted almost exclusively to the fields of aesthetics and literary criticism (and referred to here in English as “modernism”). The term can have a variety of meanings, however, depending on its context.
Heimat (english version)
(2018)
The concept of Heimat can be used in conjunction with many phenomena and sometimes seems to have a precise definition. The very vagueness of the concept bespeaks its emotional aspect, one that makes it rather appealing for a wide range of marketing and propaganda purposes. Heimat denotes a local identification that is not exclusive of other identifications, whether regional, national or transnational institutions, ideologies or religious communities. The Article will address the concept and its varied meanings and it will also examine the fundamental relationship between individuals with respect to their social and geographic spaces.
(Version 2.0, siehe auch Version 1.0) The field of Migration History looks at both ends of human mobility and the complex and diverse processes of migration. In her article Barbara Lüthi defines human migration, which can be either international or internal, and gives a short overview of the history of migration in the 20th century. After a discussion of the approaches and perspectives on the research field Lüthi closes with an examination of the current topics in Migration History: refugees and so-called illegal migrants.
This article will first examine the emergence of Italian Fascism and provide insight into Italian Fascists’ self-perception. Second, taking the contemporary conceptualizations of fascism developed by its Marxist, liberal, and conservative opponents as a starting point, this article reviews research on fascism during the Cold War. Third, the approaches taken by more recent research on fascism will be discussed and a survey of current fields of empirical work will be presented. A concluding section summarizes the usefulness of the concept of fascism.
A growing international interest in history, often referred to as the "history boom", has been evident since the 1970s. This is reflected in a quantitative increase in the demand as well as the supply of a range of products communicating history, products aimed at a broad public and not at a limited readership with specialist training. The number of visitors to historical exhibits is increasing as new museums and memorials are opened and new monuments are dedicated. Historical movies – feature and documentary films as well as docudramas – are aired on prime-time television, and cinema is rediscovering historical themes. The number of scholarly historical publications is growing, alongside works for general readers as well as historical novels.