caa a22 4500 605454906 CHVBK 20210128100209.0 cr unu---uuuuu 210128e20150301xx s 000 0 eng 10.1007/s10602-014-9171-1 doi (NATIONALLICENCE)springer-10.1007/s10602-014-9171-1 Wegner Gerhard Faculty of Economics, Social Sciences and the Law, Erfurt University, Nordhäuser Str. 63, 99089, Erfurt, Germany aut Capitalist transformation without political participation: German capitalism in the first half of the nineteenth century [Elektronische Daten] [Gerhard Wegner] The paper analyzes the political economy of capitalist transformation in nineteenth century Germany. The emergence of capitalism after 1806 gives an example that economic freedom can precede political freedom, leaving the political power of the "dominant coalition” intact. The paper argues that the German capitalist transformation was instigated by competition among the European states. Primarily it was conducive to the monopolization of the coercive power of the state. As a result competition among the states drove a wedge between the interests of the monarch and his supporting dominant coalition (landed gentry). The increasingly independent public administration in Prussia which was influenced by Adam Smith's liberal ideas organized a political bargain which established economic freedom in various sectors but took the economic interests of the landed gentry into account. In various aspects the sweeping institutional change was Pareto-superior for groups, which made capitalism also acceptable for the elite group. Springer Science+Business Media New York, 2014 Industrialization nationallicence Capitalist institutions nationallicence Economic freedom nationallicence Political order nationallicence Constitutional Political Economy Springer US; http://www.springer-ny.com 26/1(2015-03-01), 61-86 1043-4062 26:1<61 2015 26 10602 https://doi.org/10.1007/s10602-014-9171-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10602-014-9171-1 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Wegner Gerhard Faculty of Economics, Social Sciences and the Law, Erfurt University, Nordhäuser Str. 63, 99089, Erfurt, Germany aut NATIONALLICENCE 773 0- Constitutional Political Economy Springer US; http://www.springer-ny.com 26/1(2015-03-01), 61-86 1043-4062 26:1<61 2015 26 10602