This is a fully revised and updated edition of R.J. Overy's highly regarded survey of the Nazi economic recovery (first published by Macmillan in 1982). The performance of the German economy under the Nazi regime has been the subject of intense academic debate. Overy discusses the main areas of this debate, arguing that the war preparation that took place at this time was ultimately incompatible with long-term economic recovery, and that the German economic miracle did not occur until after 1945.