In German transport infrastructure provision, political decision-making and a lack of user charges are the main reasons for inefficiencies, such as underinvestment, misallocation of funds and congestions. In the last decades, transport policy in Germany has focused on network extensions, while...

Until today, most research on the Great Depression has focused on the failures of monetary and currency policies. A new look at the Great Depression challenges the dominant research opinion that the credit contraction was the main cause for the aggravated depression. The big German banks did not...