The German Historical School and European Economic Thought
The financial crisis has revived interest in economic scholarship from a historical perspective. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the German Historical School’s ideas spread and was interpreted in different European countries, including Russia, between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge.
The influence of the German Historical School in the USA and Britain has been well documented, but far less has been written on the rest of Europe, including Russia. The chapter is a first generalising estimate of the influence of the Older, Younger and Youngest Historical Schools on several generations of Russian followers and opponents from I.Babst and first Russian comparative economist A.Korsak to social politics, marxists and agrarian evolutionary school. In doing so, the chapter is able to trace the interconnection between European economic thought and Russian economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge.