Abstract
The claim of Bresciani-Turroni that Daimler's equity capital reached the equivalent of only 327 of their cars during the German hyperinflation has spread widely through the hyperinflation literature. There are two critical errors in Bresciani-Turroni's calculation, and the minimum market value of Daimler in November 1922 was far lower, at around 94 cars. (JEL E31, G12)
| Original language | English |
|---|---|
| Pages (from-to) | 172-173 |
| Number of pages | 2 |
| Journal | Economic Inquiry |
| Volume | 49 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Jan 2011 |
| Externally published | Yes |