The German historical schools in the history of economic thought

In: Journal of economic studies, Band 32, Heft 3, S. 185-255

Abstract

PurposeThe purpose of this article is to study how the German historical schools are treated in the histories of economic thought as the background for an exploration of some historiographical issues in the history of economic thought.Design/methodology/approachThe study describes the contributions of the members of the German historical schools from a variety of different viewpoints and attitudes toward the history of economic thought.FindingsOne conclusion is that several of the things most of the economists of the German historical schools desired are now part of mainstream economics. These include an enlarged scope of economics, changes in the role of the state in economic life, attention to the relationships of law and economics and recognition of the importance of history. Another conclusion is that several historiographical and methodological problems important for the history of economic thought need further study.Originality/valueThe study helps to explain and understand some historiographical aspects of the history of economic thought. It examines practices, principles, theories, methodology and forms of presentation of scholarly historical research on one subject in the history of economic thought.