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Gustav Schmoller's Historico-Ethical Political Economy : ethics, politics and economics in the younger German Historical School, 1860-1917

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  • Heino Heinrich Nau

Abstract

Gustav Schmoller, the head of the younger Historical School of political economy in Imperial Germany, was characterized as the man who had brought about the 'decisive turn' towards Sozialpolitik and had given it a scientific basis. His holistic understanding of political economy became a tradition among German administrative bureaucracy. His economic doctorine must have been seen in the context of a comprehensive social theory linking an idealist statism with an ethical evolutionism against the background of an historicist world view. The paper critically discusses how Schmoller wanted to force these competing streams of thought and their influences among his contemporaries into a developmental model that would harmonize the radical social changes of his day.

Suggested Citation

  • Heino Heinrich Nau, 2000. "Gustav Schmoller's Historico-Ethical Political Economy : ethics, politics and economics in the younger German Historical School, 1860-1917," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(4), pages 507-531.
    • Handle: RePEc:taf:eujhet:v:7:y:2000:i:4:p:507-531
    DOI: 10.1080/09672560050210098
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    References listed on IDEAS

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    1. H. K. Betz, 1988. "How does the German Historical School fit?," History of Political Economy, Duke University Press, vol. 20(3), pages 409-430, Fall.
    2. Coats, A W, 1985. "The American Economic Association and the Economics Profession," Journal of Economic Literature, American Economic Association, vol. 23(4), pages 1697-1727, December.
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    Cited by:

    1. Peter Spiegler & William Milberg, 2011. "Methodenstreit 2011? Historical perspective on the contemporary debate over how to reform economics," Working Papers 1106, New School for Social Research, Department of Economics.
    2. Mykola Bunyk & Leonid Krasnozhon, 2022. "Young Mr. Mises and younger historicists: origins of Mises’s liberalism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(2), pages 177-191, June.
    3. Yefimov, Vladimir, 2012. "How Capitalism, University and Mathematics as Institutions Shaped Mainstream Economics," MPRA Paper 47920, University Library of Munich, Germany, revised 07 Jul 2013.
    4. Roland Fritz & Nils Goldschmidt & Matthias Störring, 2023. "Contextual liberalism: the ordoliberal approach to private vices and public benefits," Public Choice, Springer, vol. 195(3), pages 301-322, June.
    5. Yefimov, Vladimir, 2013. "Philosophie et science économiques : leur contribution respective aux discours politiques [Economic philosophy and economic science: their respective contributions to political discourse]," MPRA Paper 54598, University Library of Munich, Germany.

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