This book provides an up-to-date summary of the consequences of demographic aging for labor markets, financial markets, economic growth, social security schemes and public finances in Germany, essentially reflecting the present state of knowledge in any of these areas. Compared to other...

Into the twentieth century -- I: Last best years of the golden age, 1896-1914. Global capitalism triumphant -- Defenders of the global economy -- Success stories of the golden age -- Failures of development -- Problems of the global economy -- II: Things fall apart, 1914-1939. "All that is solid...