Economy Of East Germany
Like other states which were members of the Comecon, the German Democratic Republic (GDR – East Germany) had a centrally planned economy (CPE) similar to the one in the former Soviet Union, in contrast to the market economies or mixed economies of capitalist states. The state established production targets and prices, and allocated resources, codifying these decisions in a comprehensive plan or a set thereof. The means of production were almost entirely state-owned. The East German economy was the Soviet Bloc's largest economy and one of the most stable economies in the Communist World until the early 1990s when Communism was brought to collapse, and finally the disintegration of the Soviet Union in 1991.
Read more about Economy Of East Germany: Central Planning, State Industrial Sector, Agriculture
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“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
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