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Article
Publication date: 1 June 2005

Peter R. Senn

The 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…

3289

Abstract

Purpose

The 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/approach

The 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.

Findings

One 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/value

The 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.

Details

Journal of Economic Studies, vol. 32 no. 3
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 March 1985

Tomas Riha

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely…

2578

Abstract

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

Details

International Journal of Social Economics, vol. 12 no. 3/4/5
Type: Research Article
ISSN: 0306-8293

Article
Publication date: 1 June 1995

Peter R. Senn

Describes how the opinions about Wilhelm Roscher and his workdeveloped during the century following his death in the USA. Possiblereasons for the changes are explored. Special…

Abstract

Describes how the opinions about Wilhelm Roscher and his work developed during the century following his death in the USA. Possible reasons for the changes are explored. Special attention is given to the more favourable reception of Roscher in the USA as opposed to the UK. A central point is that his influence and importance in the USA changed as time passed and with the development of professional economics. Suggests new reading of Cunningham′s essay. Attention is drawn to some of Roscher′s works in English that have been neglected. Some problems of periodization in the history of economic thought are investigated. Several conventional judgements are challenged and possibilities for further research suggested.

Details

Journal of Economic Studies, vol. 22 no. 3/4/5
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 August 2005

Alla Sheptun

This paper is an attempt to sketch the influence of the German Historical School on the development of Russian economic thought at the boundary of the nineteenth and twentieth…

1125

Abstract

Purpose

This paper is an attempt to sketch the influence of the German Historical School on the development of Russian economic thought at the boundary of the nineteenth and twentieth centuries and, particularly, on the forming of its socio‐ethical trend with an alternative approach in solving the “social question”.

Design/methodology/approach

The paper is designed as a brief outlook of the history of the Russian economic thought at the pre‐revolutionary time and of the main theoretical debates on the paths of Russia's economic development.

Findings

It can be seen that at the turn of the century a new socio‐ethical trend of political economy in the Russian economic science was being shaped under the influence of the German Historical School's ideas and their creative re‐evaluation. Representatives of this trend – Bulgakov, Miklashevsky, Tugan‐Baranovsky and others – addressed the problems of “social ideal”, “social policy” and ethical principle in political economy. They were promoting the social reforms as the path to social compromise.

Originality/value

The reconstructuring of Russia's political and economic system in the last decade of the twentieth century and transition to a market‐oriented economy gave rise to a modern wave of debates over the fundamentals of economic theory. The present paper focuses on the importance of the humanistic approach in the theory of social economy that involves historical, philosophical, legal and others points of view on the economic life of society.

Details

Journal of Economic Studies, vol. 32 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 August 2005

Geoffrey M. Hodgson

This paper aims to counter the view that Marshall was an opponent of the historical school. This false account has survived and prospered because it has fitted into more general…

Abstract

Purpose

This paper aims to counter the view that Marshall was an opponent of the historical school. This false account has survived and prospered because it has fitted into more general conceptions of intellectual history, held by both orthodox and heterodox economists.

Design/methodology/approach

Marshall's affinity with the historical school is established by examining his writings and his relationship with historical school sympathisers in the UK.

Findings

It is established that Marshall regarded his work as building on historical school insights, and he repeatedly referred positively to the ideas of the German historical school. It is argued in this paper that Marshall's opposition to the historical school was confined to its anti‐theoretical wing, principally Cunningham. In other important respects Marshall's position was compatible with German and British historicism.

Originality/value

In preceding literature, Marshall's affinities with the historical school have been denied, unacknowledged, or unexplored.

Details

Journal of Economic Studies, vol. 32 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 April 2005

Staffan Hultén

The paper aims to study the relevance of the German historical school and American Institutionalism for contemporary research in social sciences. The subject scope of the paper is…

1167

Abstract

Purpose

The paper aims to study the relevance of the German historical school and American Institutionalism for contemporary research in social sciences. The subject scope of the paper is to trace how concepts, ideas, and frameworks trickle from the historical school into later research programs.

Design/methodology/approach

The methodology of the paper is a textual analysis of articles and books that either relates the relationship between the historical school and the institutionalism or make explicit or implicit references to the most important concepts and methodologies in these schools.

Findings

The paper has two main findings. The first is that Commons was heavily influenced by Weber's ideal‐types when he wrote his most important book Institutional Economics. The second is that concepts and methodologies used by the historical school and American institutionalism are used in nearly all areas of the social sciences. But the researchers seldom make explicit references to these schools.

Research limitations/implications

A limitation of the present paper is that it draws too a very limited extent directly on the publications of the German historical school. Future research could try and reconstruct how the American instutionalists came to the conclusions they did on the historical school. It is possible that differences in political opinions and competition between two schools with partly similar messages prompted writers like Veblen and Commons to exaggerate differences of opinion.

Originality/value

One important contribution of the paper is the discussion of the influences the historical school had on leading institutionalists. Another important contribution is the exploration of present and future research projects that could benefit from revisiting the theories and methodologies of the historical school and institutionalism. By making more explicit the references to these schools, new insights can be gained on how to develop research methodologies and understanding the limits and potentials of pursuing a research approach.

Details

Journal of Economic Studies, vol. 32 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

Book part
Publication date: 18 February 2004

Harald Hagemann

This is an unusual book and a striking phenomenon. It comprises a collection of thirteen essays on the German Historical School of Economics (henceforth GHSE), exclusively written…

Abstract

This is an unusual book and a striking phenomenon. It comprises a collection of thirteen essays on the German Historical School of Economics (henceforth GHSE), exclusively written by Japanese contributors who are mainly full professors at leading universities and mostly have already published on various aspects of the GHSE. The editor, Yuichi Shionoya, is well known internationally as one of the most prominent students of Joseph Schumpeter and Max Weber, whose works provide the basis for the editor’s attempt to erect the framework of the rational reconstruction of the GHSE in the opening essay. This holds in particular for economic sociology, which – besides theory, history and statistics – constitutes the fourth discipline in economics, and includes the social institutions relevant to economic behaviour and also political, legal or religious aspects. The investigation of Schumpeter’s conception of economic sociology (see, e.g. Schumpeter, 1954, pp. 20–21) is at the very heart of Shionoya’s second essay (9) in which the author concludes that Schumpeter combined two essential elements of the GHSE, a belief in the unity of social life and the inseparable relationship among its components and a concern for development, with some stimulus by Max Weber’s analysis of comparative-static social systems and Marx’s analysis of the dynamic process of capital accumulation. It is Shionoya’s belief “that Schumpeter should be regarded as one of the successors of the German Historical School because he attempted a rational reconstruction of that school, especially Schmoller’s research program, in terms of economic sociology and made his own contribution from this perspective” (p. 9). Whether and how this statement from the editor’s first essay fully fits with the one from Shionoya’s second essay, that “Schumpeter’s conception of economic sociology intended to integrate history and theory, the antitheses at the Methodenstreit between Gustav von Schmoller and Carl Menger” (p. 139), is left to the reader’s judgement. Characteristically, the contradictions involved can be found in Schumpeter’s own writings. In the very same year, 1926, in which he published the article “Gustav von Schmoller and the Problems of Today,” which forms the key basis for Shionoya’s argument, Schumpeter eliminated the seventh chapter on “The Overall View of the Economy” of the first German edition of The Theory of Economic Development from the second German one and omitted it in all later editions of the book, including the 1934 English translation. The reason was that Schumpeter believed that this chapter with its much broader perspective and its fragment of cultural sociology has sometimes distracted the reader’s attention from pure and “dry” economic reasoning. It had led to a kind of consent which was at the very opposite of his intentions in so far as the seventh chapter was misunderstood as an alternative to economic theory. For that kind of reasoning Schumpeter did not want to provide any ammunition. For Shionoya, on the other hand, Chap. 7 is not a fragment of cultural sociology but a research program for a universal social science that he has specified in an earlier article (Shionoya, 1990) in which he regrets Schumpeter’s decision to omit it.

Details

A Research Annual
Type: Book
ISBN: 978-0-76231-089-0

Book part
Publication date: 20 May 2011

Harry F. Dahms

Despite profound differences, both the German Historical School and the critical theory of the Frankfurt School have in common a theoretical and cultural heritage in Central…

Abstract

Despite profound differences, both the German Historical School and the critical theory of the Frankfurt School have in common a theoretical and cultural heritage in Central European traditions of social thought and philosophy. Although both schools often are perceived as quintessentially German traditions of economic and social research, their methodological presuppositions and critical intent diverge strongly. Since the objective of the Frankfurt School was to carry the theoretical critique initiated by Marx into the twentieth century, and since its members did so on a highly abstract level of theoretical criticism, the suggestion may be surprising that in terms of their respective research agendas, there was a common denominator between the German Historical School and the Frankfurt School critical theory. To be sure, as will become apparent, the common ground was rather tenuous and indirect. We must ask, then: in what respects did their theoretical and analytical foundations and orientations overlap? How did the German Historical School, as a nineteenth-century tradition of economic thinking, influence the development of the Frankfurt School?

Details

The Vitality Of Critical Theory
Type: Book
ISBN: 978-0-85724-798-8

Article
Publication date: 1 August 2005

Hans Frambach

To analyse some proposals of the Younger German Historical School as to how to reduce unemployment and to examine them with regard to their application to contemporary…

Abstract

Purpose

To analyse some proposals of the Younger German Historical School as to how to reduce unemployment and to examine them with regard to their application to contemporary unemployment. The more general issue of this paper is: Can we learn from the Younger Historical School how to solve current problems?

Design/methodology/approach

A review and discussion of the proposals of the Younger German Historical School.

Findings

Even though the Younger German Historical School saw the unemployment problem from an integrated point of view, many proposed solutions appear in a very modern light. Economic and social policy was called on to stimulate economic activity and to coordinate the different economic policies, taking account of the level of employment.

Originality/value

Highlights the fact that unemployment is not only a present day phenomenon. The dramatic impact of unemployment on individuals and societies has been well‐known, at least since the start of industrialization.

Details

Journal of Economic Studies, vol. 32 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 13 July 2015

Brian Jones and Mark Tadajewski

The purpose of this paper is to document contributions to the early study and teaching of marketing at one of the first universities in Britain to do so and, in that way, to…

1250

Abstract

Purpose

The purpose of this paper is to document contributions to the early study and teaching of marketing at one of the first universities in Britain to do so and, in that way, to contribute to the literature about the history of marketing thought. Given that the first university business program in Britain was started in 1902, at about the same time as the earliest business programs in America, the more specific purpose of this paper was to explore whether or not the same influences were shared by pioneer marketing educators on both sides of the Atlantic.

Design/methodology/approach

An historical method is used including a biographical approach. Primary source materials included unpublished correspondence (letterbooks), lecture notes, seminar minute-books, course syllabi and exams, minutes of senate and faculty meetings, university calendars and other unpublished documents in the William James Ashley Papers at the University of Birmingham.

Findings

The contributions of William James Ashley and the Commerce Program at the University of Birmingham to the early twentieth-century study and teaching of marketing are documented. Drawing from influences similar to those on pioneer American marketing scholars, Ashley used an historical, inductive, descriptive approach to study and teach marketing as part of what he called “business economics”. Beginning in 1902, Ashley taught his students about a relatively wide range of marketing strategy decisions focusing mostly on channels of distribution and the functions performed by channel intermediaries. His teaching and the research of his students share much with the early twentieth-century commodity, institutional and functional approaches that dominated American marketing thought.

Research limitations/implications

William James Ashley was only one scholar and the Commerce Program at the University of Birmingham was only one, although widely acknowledged as the first, of a few early twentieth-century British university programs in business. This justifies future research into the possible contributions to marketing knowledge made by other programs such as those at the University of Manchester (1903), University of Liverpool (1910) and University of London (1919).

Originality/value

This paper adds an important chapter to the history of marketing thought which has been dominated by American pioneer scholars, courses, literature and ideas.

Details

European Journal of Marketing, vol. 49 no. 7/8
Type: Research Article
ISSN: 0309-0566

Keywords

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