The Mittelstand sector of the Germaneconomy, which is made up of small and medium-sized family firms, is generallynot mentioned in debates about German capitalism. This article makes the casethat the focus of research on the German economy should shift from largecorporate structures to these...

Thriving middle classes are the backbone of democratic societies and strong economies, but in many countries, they face mounting pressure as their economic strength is eroding relative to higher-income households. Real wages and incomes for most middle-class households have grown only very...