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.[1] 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.[2]
^Herbst, Jurgen (1965) [1935]. The German Historical School in American Scholarship: A Study in the Transfer of Culture. Ithaca: Cornell University Press. ISBN 9780804616669.
^Yuichi Shionoya (2005). The Soul of the German Historical School: Methodological Essays on Schmoller, Weber and Schumpeter. Springer. ISBN 9780387230832.
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