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Gustav Von Schmoller
Gustav Friedrich (after 1908: von) Schmoller (; 24 June 1838 – 27 June 1917) was the leader of the "younger" German historical school of economics. He was a leading '' Sozialpolitiker'' (more derisively, '' Kathedersozialist'', "Socialist of the Chair"), and a founder and long-time chairman of the ''Verein für Socialpolitik'', the German Economic Association, which continues to exist. The appellation "Kathedersozialist" was given to Schmoller and other members of the Verein by their enemies. Schmoller disavowed the "socialist" label, instead tracing his thought to the heterodox liberalism represented by Jérôme-Adolphe Blanqui, Jean Charles Léonard de Sismondi, John Stuart Mill, Johann Heinrich von Thünen, Bruno Hildebrand, Thomas Edward Cliffe Leslie, Lorenz von Stein, and Émile de Laveleye and radicals such as Frederic Harrison and Edward Spencer Beesly. His goal was to reconcile the Prussian monarchy and bureaucracy "with the idea of the Liberal state and complemente ...
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Historical School Of Economics
The historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The professors involved compiled massive economic histories of Germany and Europe. Numerous Americans were their students. The school was opposed by theoretical economists. Prominent leaders included Gustav von Schmoller (1838–1917), and Max Weber (1864–1920) in Germany, and Joseph Schumpeter (1883–1950) in Austria and the United States. Tenets 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, politi ...
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The Economic Journal
''The Economic Journal'' is a peer-reviewed academic journal of economics published on behalf of the Royal Economic Society by Oxford University Press. The journal was established in 1891 and publishes papers from all areas of economics.The editor-in-chief is Francesco Lippi (Libera Università Internazionale degli Studi Sociali Guido Carli & Einaudi Institute of Economics and Finance). According to the Journal Citation Reports, the journal has a 2020 impact factor of 3.178. History Introduction The journal was conceived in November 1890, at the inauguration of the British Economic Association (which became the Royal Economic Society in 1902). One of the central aims of the new society was to create a forum through which British economic research could be published. In a circular sent out before the inaugural meeting, Alfred Marshall, one of the founding members of the society, indicated the significant impact a new journal would have on British economic science: ''...the n ...
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History
History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the History of writing#Inventions of writing, invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well as the memory, discovery, collection, organization, presentation, and interpretation of these events. Historians seek knowledge of the past using historical sources such as written documents, oral accounts, art and material artifacts, and ecological markers. History is not complete and still has debatable mysteries. History is also an Discipline (academia), academic discipline which uses narrative to describe, examine, question, and analyze past events, and investigate their patterns of cause and effect. Historians often debate which narrative best explains an event, as well as the significance of different causes and effects. Historians also debate the historiography, nature of history as an end in ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Württemberg
Württemberg ( ; ) is a historical German territory roughly corresponding to the cultural and linguistic region of Swabia. The main town of the region is Stuttgart. Together with Baden and Hohenzollern, two other historical territories, Württemberg now forms the Federal State of Baden-Württemberg. Württemberg was formerly also spelled Würtemberg and Wirtemberg. History Originally part of the old Duchy of Swabia, its history can be summarized in the following periods: *County of Württemberg (1083–1495) * Duchy of Württemberg (1495–1803) *Electorate of Württemberg (1803–1806) *Kingdom of Württemberg (1806–1918) *Free People's State of Württemberg (1918–1945) After World War II, it was split into Württemberg-Baden and Württemberg-Hohenzollern due to the different occupation zones of the United States and France. Finally, in 1952, it was integrated into Baden-Württemberg. Stuttgart, the historical capital city of Württemberg, became the capital of the p ...
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Edward Spencer Beesly
Edward Spencer Beesly (; 23 January 1831 – 7 March 1915) was an English positivist, trades union activist, and historian. Life He was born on 23 January 1831 in Feckenham, Worcestershire, the eldest son of the Rev. James Beesly and his wife, Mary Fitzgerald, of Queen's county, Ireland. After reading Latin and Greek with his father, in the autumn of 1846 Beesly was sent to King William's College on the Isle of Man, an evangelical establishment whose inadequate instruction and low moral tone were later depicted in ''Eric, or, Little by Little'', by his school friend F. W. Farrar. In 1849 Beesly entered Wadham College, Oxford, another evangelical stronghold and the original centre of the English positivist movement. He held two exhibitions and a Bible clerkship. His flair for quoting scripture yielded to radical rhetoric under the influence of his tutor Richard Congreve, a covert disciple of Auguste Comte's positivism. Along with his Wadham friends Frederic Harrison and John He ...
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Frederic Harrison
Frederic Harrison (18 October 1831 – 14 January 1923) was a British jurist and historian. Biography Born at 17 Euston Square, London, he was the son of Frederick Harrison (1799–1881), a stockbroker and his wife Jane, daughter of Alexander Brice, a Belfast granite merchant. He was baptised at St. Pancras Church, Euston, and spent his early childhood at the northern London suburb of Muswell Hill, to which the family moved soon after his birth. His father later acquired a lease on the grand Tudor manor house Sutton Place near Guildford, Surrey, in 1874, which descended to his elder son Sidney, and about which Frederic jnr. wrote the definitive history ''Annals of an Old Manor House: Sutton Place, Guildford'', first published in 1893. His paternal grandfather was a Leicestershire builder. In 1840 the family moved again to 22 Oxford Square, Hyde Park, London, a house designed by Harrison's father. Along with his siblings Sidney and Lawrence, Harrison received his initial ...
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Lorenz Von Stein
Lorenz von Stein (18 November 1815 – 23 September 1890) was a German economist, sociologist, and public administration scholar from Eckernförde. As an advisor to Meiji period Japan, his liberal political views influenced the wording of the Constitution of the Empire of Japan as well as major constitutional thinkers such as Rudolf von Gneist. According to Colin Gordon, Stein articulated a "vision of a liberal state as active historic partner in the making of civil society" and called for "a tabling of the question of class formation as part of the state's agenda." Stein advocated a combination of constitutional liberal state with a welfare state, and has been called the "intellectual father of the welfare state. Stein and other Hegelian liberals, such as Robert von Mohl, also had a profound influence on American progressivism. Biography Stein was born in the seaside town of Borby in Eckernförde in Schleswig-Holstein as Wasmer Jacob Lorentz. He studied philosophy and juris ...
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Thomas Edward Cliffe Leslie
Thomas Edward Cliffe Leslie (21 June 182527 January 1882) was an Irish jurist and economist. He was professor of jurisprudence and political economy in Queen's College, Belfast, noted for challenging the Wages-Fund doctrine and for addressing contemporary agrarian policy questions. A critic of Ricardian orthodoxy, he said that it had sidelined consumer behaviour and demand. He developed the idea of consumer sovereignty, but insisted that the analysis of demand should be based on historical and comparative institutional work. Early life T. E. Cliffe Leslie was born in the county of Wexford, the second son of the Rev. Edward Leslie, prebendary of Dromore, and rector of Annahilt, in the county of Down. His family was of Scottish descent, but had been connected with Ireland since the reign of Charles I. Amongst his ancestors were John Leslie (1571–1671), bishop first of Raphoe and afterwards of Clogher, and the bishop's son Charles Leslie. Cliffe Leslie received his e ...
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Bruno Hildebrand
Bruno Hildebrand (6 March 1812 – 29 January 1878) was a German economist representing the "older" historical school of economics. His economic thinking was highly critical of classical economists, especially of David Ricardo. His ''magnum opus'' was ''Economics of the Present and the Future'' (1848). The basic aim of this work was to establish laws of economic development. Hildebrand also stated that economic development was linear not cyclical. He supported socialist theory on the basis of religion, basic morals, and his beliefs of the negative effect of property on economic behavior. Like many other representatives of the German Historical School such as Friedrich List, Karl Knies, and Karl Bücher, Hildebrand was a political liberal who advocated liberal institutions and a constitutional state, and participated in the Frankfurt Parliament of 1848. An economics professor in Marburg, he was accused of high treason with respect to the turmoil of 1848 and condemned to death. H ...
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Johann Heinrich Von Thünen
Johann Heinrich von Thünen (24 June 1783 – 22 September 1850), sometimes spelled Thuenen, was a prominent nineteenth century economist and a native of Mecklenburg-Strelitz, now in northern Germany.He "ranks alongside Marx as the greatest German economist of the nineteenth century" (Fernand Braudel). Work Thünen's model of agricultural land use Thünen was a Mecklenburg landowner, who in the first volume of his treatise ''The Isolated State'' (1826), developed the first serious treatment of spatial economics and economic geography, connecting it with the theory of rent. The importance lies less in the pattern of land use predicted than in its analytical approach. Thünen developed the basics of the theory of marginal productivity in a mathematically rigorous way, summarizing it in the formula in which :R = Y(p - c) - YFm \, where R = land rent; Y = yield per unit of land; c = production expenses per unit of commodity; p=market price per unit of commodity; F = freight rat ...
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