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A few years ago a major debate was unleashed by Knut Borchardt, foremost among West Germany's economic historians, who argued that the collapse of the Weimar economy was due not so much to the policies of the pre-Hitler governments or the severity of the Great Slump but to the overloading of the economy with wage costs and welfare benefits. This volume brings together the criticism his thesis provoked and Borchardt's response to it.