Historical school of economics
978-613-0-87753-8
6130877536
88
2010-12-04
34,00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Historical school of economics was an approach to academic economics and to public administration that emerged in 19th century in Germany, and held sway there until well into the 20th century. The Historical school held that history was the key source of knowledge about human actions and economic matters, since economics was culture-specific, and hence not generalizable over space and time. The School rejected the universal validity of economic theorems. They saw economics as resulting from careful empirical and historical analysis instead of from logic and mathematics. The School also preferred reality, historical, political, and social as well as economic, to self-referential mathematical modelling.Most members of the school were also Sozialpolitiker Social Policy-ers, i.e. concerned with social reform and improved conditions for the common man during a period of heavy industrialization. They were more disparaging referred to as Kathedersozialisten, rendered in English as Socialists of the Chair compare armchair revolutionary, and cathedral for the German chair, due to their position as professors.
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