By Yuichi Shionoya
With the expanding attractiveness of evolutionary and institutional pondering between economists, normal curiosity within the German historic university has risen gradually over the last decade. This ebook strains the advance and transformation of the college, protecting its best figures corresponding to Adam Muller, Wilhelm Roscher, Karl Knies and Lujo Brentano.
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Extra info for The German Historical School: The Historical and Ethical Approach to Economics (Routledge Studies in the History of Economics)
As far as domestic relations are concerned, this represents List’s ideal of a balanced national economy in which ‘agriculture, industry and commerce’ are to be developed ‘in a proper relation’ (p. 444). The core of the national economy, in his view, is that the broad domestic market consists of both an industry made robust through protection and an agriculture sufficiently large to counterbalance it, and that exchanges take place in the domestic market between these two balanced branches. According to this view, either of the two extreme types of agricultural holdings, namely, ‘large farms’ [Großwirtschaften] or ‘minuscule farms’ [Zwergwirtschaften], induces poverty and proletarianization among the lower strata of the agrarian population, which are serious obstacles to building a sound nation-state.
But Roscher (1874:973–4) is critical of List’s over-estimation of individual state measures and polemics against Smith and School in his Germany. Tamura (1993:30). Müller (1816:145–6; 1819b; 1809, half-vol. 1:307–9). Hildebrand (1864:21–3; 1848:278–9); Harada (1996). References Baxa, J. (1930) Adam Müller: Ein Lebensbild aus den Befreiungskriegen und aus der deutschen Restauration, Jena: Gustav Fischer. Brandt, K. (1992) Geschichte der deutschen Volkswirtschaftslehre, vol. 1, Freiburg: Rudolf Haufe.
For Müller, who subscribed to an ideal originating from the Middle Ages that ethical ties and economic developments should be united, the permeation of the whole of society with commercialism was in itself an extremely serious sign that ‘we forget [the preeminence of] the personal over the material, being over having, the spirit of freedom over the brutish impulse of urgent need’. List, on the other hand, while also knowing that ethical and institutional relationships should not be ignored, adopted the standpoint of the growing industrial capitalists.