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In search of full empirical reality: historical political economy, 1870-1900

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  • Erik Grimmer-Solem
  • Roberto Romani

Abstract

The notion of a 'Historical School' is burdened with numerous vague associations and overlapping uses leaving it wanting as a useful rubric of more specific research. To overcome this state of affairs, the article seeks to define and characterize the specific attributes of a historical political economy which arose in Europe between roughly 1870 and 1900. Authors from four countries are considered: Germany, Britain, France and Italy. We focus specifically on the relaionship and tension between empirical history and economic theory, thereby illustrating the resulting approach to policy. We contend that our characterization provides a useful illustration of the achievements and shortcomings of historical empiricism, inductivism, and pragmatism in economics.

Suggested Citation

  • Erik Grimmer-Solem & Roberto Romani, 1999. "In search of full empirical reality: historical political economy, 1870-1900," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 6(3), pages 333-364.
    • Handle: RePEc:taf:eujhet:v:6:y:1999:i:3:p:333-364
    DOI: 10.1080/10427719900000071
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    References listed on IDEAS

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    1. R. D.C. Black, 1995. "Economic Theory And Policy In Context," Books, Edward Elgar Publishing, number 99.
    2. Tribe,Keith, 1995. "Strategies of Economic Order," Cambridge Books, Cambridge University Press, number 9780521462914, October.
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    Cited by:

    1. Alfani, Guido & Gierok, Victoria & Schaff, Felix, 2022. "Economic Inequality in Preindustrial Germany, ca. 1300–1850," The Journal of Economic History, Cambridge University Press, vol. 82(1), pages 87-125, March.
    2. Joachim Zweynert, 2015. "The concept of Ordnungspolitik through the lens of the theory of limited and open access orders," Constitutional Political Economy, Springer, vol. 26(1), pages 4-18, March.
    3. Madarász, Aladár, 2002. "Kameralizmus, történelmi iskola, osztrák gazdaságtan. Három vázlat a német és osztrák közgazdasági diskurzus történetéből [Cameralism, the historical school and Austrian economics. Three outlines f," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 838-857.

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