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The Historical School can be divided into three sequences:

The Historical School was involved in the Methodenstreit (method war) with the Austrian School . The German historical school largely controlled academia in Germany, as many of the advisors of Friedrich Althoff , head of the university department in the Prussian Ministry of Education from 1882 to 1907 . Prussia was the intellectual powerhouse of Germany and so dominated academia throughout the German speaking world, but also in the United States until about 1900 , where the economics profession was led by men who had studied in Germany.

The Historical School is perhaps the most abused theory in the History Of Economic Thought , because it fits so badly with the now completely-dominating Anglo-American view(s); it is perhaps also the school that is the least known in English-speaking countries. And yet, clearly it is the Historical School which forms the basis - both theoretically and factually - of the Social Market Economy which is dominant in almost all countries of Europe , as well as of all dynamic, change-oriented and especially Innovation -based economics (through the transmission of Joseph Schumpeter , who in spite of criticism of the School was, especially in his innovation-focused work, building on von Schmoller and Sombart).

Although not nearly as famous, there was also an English Historical School. This school was highly influenced by the likes of , Richard Jones , Walter Bagehot , Arnold Toynbee , and William Cunningham just to name a few.


IMPORTANT BOOKS ON THE HSE IN ENGLISH:


  • Bücher, Karl (1927). ''Industrial Evolution.'' 6th ed. New York, NY: Holt.

  • Backhaus, Jürgen G. (1994), ed. ''Gustav Schmoller and the Problems of Today'' = ''History of Economic Ideas'', vol.s I/1993/3, II/1994/1.

  • Backhaus, Jürgen G. (1997), ed. ''Essays in Social Security and Taxation. Gustav von Schmoller and Adolph Wagner Reconsidered.'' Marburg: Metropolis.

  • Backhaus, Jürgen G. (2000), ed. ''Karl Bücher: Theory - History - Anthropology - Non Market Economies.'' Marburg: Metropolis.

  • Balabkins, Nicholas W. (1988). ''Not by theory alone...: The Economics of Gustav von Schmoller and Its Legacy to America.'' Berlin: Duncker & Humblot.

  • Chang, Ha-Joon (2002). ''Kicking Away the Ladder. Development Strategy in Historical Perspective.'' London: Anthem.

  • Hodgson, Geoffrey M. (2001). ''How economics forgot history. The problem of historical specificity in social science.'' London – New York: Routledge.

  • Roscher, Wilhelm (1878). ''Principles of Political Economy.'' 2 vols. From the 13th (1877) German edition. Chicago: Callaghan.

  • Seligman, Edwin A. (1925). ''Essays in Economics.'' New York: Macmillan.

  • Shionoya, Yuichi (2001), ed. ''The German Historical School: The Historical and Ethical Approach to Economics.'' London etc.: Routledge.

  • Tribe, Keith (1988) "Governing Economy. The Reformation of German Economic Discourse" (Cambridge: Cambridge University Press).

  • Tribe, Keith (1995) "Strategies of Economic Order. German Economic Discourse 1750-1950" (Cambridge: Cambridge University Press) (Republished 2006)