Genealogy of German Intellectual Impacts on Making of Economic Planning in South Korea

Total Page:16

File Type:pdf, Size:1020Kb

Genealogy of German Intellectual Impacts on Making of Economic Planning in South Korea Genealogy of German Intellectual Impacts on Making of Economic Planning in South Korea Young-Sue Han* <Abstract> This paper aims to explore the path of the genealogy of German intellectuals in the making of economic planning. The Schools of Liberalism criticised economic planning implements in communist states during the Cold War era. In spite of the hostile attitude of the liberalists to economic planning, American policy makers in South Korea consistently recommended introducing economic planning in the nation-making period of the last century. This paper will show that the American reliance on economic planning originates from German intellectuals’ influence by performing a three-fold task. First, this paper backgrounds the influx of the German Historical School into wartime economic planning in Imperial Japan. Consequently, this papers explores American scholarship in Germany in the early 20th century. Finally, this paper explores the roles of scholars in making theories on economic planning in Developmental State School. Key words: Economic planning, The German Historical School, Developmental State, Werner Sombart, Karl Mannheim, Lorenz von Stein * International Institute for Regional & Cultural Studies, Sogang University. 32 제9권 1집(통권 제16호, 2018년 3월) Contents Ⅰ. Introduction Ⅳ. German intellectual influences on Ⅱ. Japanese reception of the German the theoreticalization of economic Historical School of Economics planning Ⅲ. German intellectual influences on the Ⅴ. Conclusion formation of economic planning in the USA I. Introduction This paper aims to explore the path of the genealogy of German intellectuals in the making of economic planning. The purpose of this exploration arises from the lack of a considerable body of academic literature on economic development based on the economic planning of South Korea in the last century. Prior to the advent of the Developmental School in the late 1980s, the Neoclassical School had been dominant in explaining the extraordinary economic growth of East Asia. The School attributed the market mechanism and free trade to the success of East Asia arguing the role of government as being limited.1) In the late 20th century, the economic development of non-communist states in East Asia outperformed that of communist rivals including mainland China and North Korea. South Korea witnessed this miraculous performance in economic growth in tandem with the unique feature of its active integration into international trade and heavy state-direction of the economy by economic planning (Johnson, 1982; Amsden, 1989; Wade, 1990; Evans, 1995; Woo-Cumings, 1) As to the economic performance in Northeast Asia, there are two schools in competition. First, the Neoclassical school in line with the World Bank emphasized the laissez-faire and open economy (Balassa, 1981; The World Bank, 1993). Second, the Developmental School as a latecomer focused on a critical role of government in achieving the economic development through the economic planning and state intervention into the market (Woo-Cumings, 1999). Genealogy of German intellectual impacts on making of economic planning in South Korea 33 1999). Hence, I argue that the Neoclassical School, by any palpable purpose, neglected the extensive statist economic policies such as state intervention into markets and economic planning run by governments in this area. Considering the hefty conflicts against Communism in the Cold War era, the success of South Korea confronts the problem of explaining strong state intervention and extensive economic planning in contrast to American economic doctrines like the free market-mechanism of the laissez-faire model. The Classical school of economics regards any sort of economic planning or other government intervention as being bound to worsen society. Hence, the American economic recommendation of economic planning to South Korea seems contradictory. Moreover, it needs to be distinguished from the economic planning in socialist states. In the case of South Korea, it was the American military government from 1945 to 1948 that recommended adopting the planned economy along with land reform for South Korea (Lee, Sang-Min, 1991). In the 1950s, South Korea remained largely dependent on US aid in the aftermath of the Korean War (1950-53). Against this backdrop, the US wanted to introduce economic planning to make the South Korean economy self-reliant and alleviate the American economic burden in East Asia. In spite of this American effort, the incorporation of the planned economy was deterred due to President Rhee who rejected the planned economy as a socialist policy (Lee, Wanbeom, 2006). South Korea saw the first utilization of The Five-Year Plans of South Korea by a military junta under General Park Chung-hee who had seized political power through a military coup d'état in 1961. There are some accumulated literatures providing historical survey as to the formation of economic planning in South Korea. (Satterwhite, 1994; Lee, Wanbeom, 2006; Park, T’ae-gyun, 2007). However, most of the previous literature does not deal with a background of favourable attitudes of the American policy makers to the economic planning as to South Korea. It is commonly agreed that economic planning and state invention in South 34 제9권 1집(통권 제16호, 2018년 3월) Korea was differentiated from non-statist models of the Anglo-Saxon capitalism prior to the advent of Neo-liberalism. In the formation of this statist political economy of South Korea, Korea lies in the genealogy of the German statist thoughts. The German intellectual history of the formation of the planned economy has been neglected and little known in spite of its significance. Against this backdrop, this paper aims to contribute to a better understanding of the rise of ‘economic planning’ by dwelling on the impact of German intellectuals on Imperial Japan and America in the early part of the 20th century. This paper is three-fold. First, as to the earliest exposure to economic planning in Korea, this paper backgrounds tutelage2) of the German Historical School to the wartime economy of Imperial Japan in the 1930 and 1940s. Subsequently, American scholarship on Germany in the early 20th century and its inflow to Korea via economic planning. Finally, this paper deals with roles of German impacts on theorizing the economic planning. II. Japanese reception of the German Historical School of Economics The German Historical School of Economics Historische Schule der Nationalökonomie refers to a branch of academic approach to the economics 2) Since the diplomatic relations established in the 1860s, German models exerted pivotal influences on modernization and nation-building in Japan. The German-Japanese relations could be divided into three periods: (1) inaugural models of Bismarckian Prussia in its ascendency and late modernization to the Meiji Japan in the late nineteenth century, (2) an ensuing cooling period during the Anglo-Japanese Alliance (1902-1923), and (3) tutelage of the German ‘total war’ military doctrines and wartime economy to the Japanese military during the First World War and the Nazi German economy’s ability to overcome limited resources in mobilizing for the Second World War in the 1940s. A team of leading Japanese and German scholars led by Erich Pauer (1999) conducted a comprehensive research on the Japanese wartime economy. Genealogy of German intellectual impacts on making of economic planning in South Korea 35 that emerged as being a ‘State Science Staatswissenschaften’ of late industrialization in the last half of the nineteenth century in Germany and maintained an influence on Germany and East Asia into the 20th century3). Establishing Friedrich List as a predecessor, the School consists of the Older including Wilhelm Roscher, Karl Knies, and Bruno Hildebrand. The Younger includes Gustav von Schmoller, Lujo Brentano, Etienne Laspeyres, Karl Bücher, Adolph Wagner, and Georg Friedrich Knapp. Finally, Werner Sombart and Max Weber are regarded as members of the Youngest School. Over the course of the first German unification led by Prussia, the School had a leading role in underpinning the ascendency of the Prussian industry (Shionoya, 2005, p.1). In stark contrast to theoretical economists of the English Classical School, the Historical School regarded history as the elements to understand economic matters because they saw that economics was not proper to understand as a universal phenomenon but based on culture-specific events over space and time. They rejected the theoretical bases of laissez-faire doctrines and refrained from using the logical and mathematical method. They accentuated empirical observation and interpretation4). On the other hand, the Japanese embraced the German state science as their dominant state doctrine during the Meiji Restoration (Gao, 2002, p. 65). In the late nineteenth century, the English classical theories also prevailed in Japan. However, since the Prussian-style constitution was established after undergoing conflicts between the pro-Britain statesman and pro-German statesman, the prevailing model on political economy in Japan shifted from the pro-British party to the pro-Germany party. Japanese bureaucrats saw that the thoughts from Britain and France were dangerous because they can spark off a popular 3) Cumings, Bruce, “State building in Korea: continuity”, in Lange, Matthew and Dietrich Rueschemeye ed. States and development: historical antecedents of stagnation and advance. New York: Palgrave, 2005, pp.220-222. 4) Lindenfeld, David,
Recommended publications
  • Which Developmentalism
    1 Which developmentalism? A Keynesian-Institutionalist proposal Fernando Ferrari Filho Professor of Economics at Federal University of Rio Grande do Sul and Researcher at National Council for Scientific and Technological Development, Brazil. [email protected] Pedro Cezar Dutra Fonseca Professor of Economics at Federal University of Rio Grande do Sul and Researcher at National Council for Scientific and Technological Development, Brazil. [email protected] Abstract: Academic discussion of Brazil’s economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian-Institutionalist proposal to the Brazilian economy based on a wage-led regime without neglecting the long run balance of payment on current account requirement to ensure macroeconomic stability in the Brazilian economy. Keywords: New-developmentalism, social-developmentalism, Keynesian- Institutionalist, wage-led, profit-led and export-led growths. JEL Codes: B, B5. 1 Introduction While priority was given to monetary stability during the 1980s and 1990s, economic growth has gradually been finding its way back to both theoretical economic debate and economic policy discussions in Brazil since the 2000s. This has been due partly, on the one hand, to the election of various governments critical of neoliberalism in Latin America and, on the other hand, to the 2007-2008 financial crisis, which restored interventionism to the agenda,
    [Show full text]
  • Developmentalism, Modernity, and Dependency Theory in Latin America
    Developmentalism, Modernity, and Dependency Theory in Latin America Ramón Grosfoguel The Latin American dependentistas produced a knowledge that criticized the Eurocentric assumptions of the cepalistas,includingtheorthodoxMarxistandtheNorthAmericanmodern- ization theories. The dependentista school critique of stagism and develop- mentalism was an important intervention that transformed the imaginary of intellectual debates in many parts of the world. However, I will argue that many dependentistas were still caught in the developmentalism, and in some cases even the stagism, that they were trying to overcome. Moreover, although the dependentistas’ critique of stagism was important in denying the “denial of coevalness” that Johannes Fabian (1983) describes as central to Eurocentric constructions of “otherness,” some dependentistas replaced it with new forms of denial of coevalness. The first part of this article dis- cusses developmentalist ideology and what I call “feudalmania” as part of the longue durée of modernity in Latin America. The second part discusses the dependentistas’ developmentalism. The third part is a critical discussion of Fernando Henrique Cardoso’s version of dependency theory. Finally, the fourth part discusses the dependentistas’ concept of culture. Developmentalist Ideology and Feudalmania as Part of the Ideology of Modernity in Latin America There is a tendency to present the post-1945 development debates in Latin America as unprecedented. In order to distinguish continuity from dis- continuity, we must place the 1945–90 development debates in the context of the longue durée of Latin American history. The 1945–90 development Nepantla: Views from South 1:2 Copyright 2000 by Duke University Press 347 348 Nepantla debates in Latin America, although seemingly radical, in fact form part of the longue durée of the geoculture of modernity that has dominated the modern world-system since the French Revolution in the late eighteenth century.
    [Show full text]
  • Elusive Development by Marshall Wolfe
    Elusive Development by Marshall Wolfe . »JLL»/ United Nations United Nations Research Institute Economic Commission for for Social Development Latin America Printed by S'*! Hungary, 1981 Statistical Publishing House Contents Acknowledgments ........................................... P reface ............................................................... in CHAPTER ONE: Why Elusive Development? 1 CHAPTER TWO: The Quest for a Unified Approach 11 Background of the unified approach project of UNRISD and ECLA — Methodology and institutional constraints - Differing approaches that emerged and their underlying supposition — The changing international market for propositions on development during and since the unified approach project - The place of the unified approach project in the inter­ national rethinking of development - Lessons for the future and needs for international research. CHAPTER THREE: Development Images, Agents and Choices............................. 55 Images of development - Concepts, values and criteria for styles of develop­ ment — A digression on the practical - Choices aiming at an acceptable and viable style of development. CHAPTER FOUR: Approaches to Development: Who is Approaching what? 75 Development under question: The feasibility of national choice between alternative styles — The setting within which developmental choices present themselves — Policy approaches to the challenge of “unified”, “original”, or “human-oriented” styles of development. CHAPTER FIVE: Social and Political Structures and Development Policy
    [Show full text]
  • Accumulation Regimes, Labour Market and Inequality: the Brazilian Case in a Long-Term Perspective
    Accumulation Regimes, Labour Market and Inequality: The Brazilian Case in a Long-term Perspective By ALexandre de Freitas Barbosa and Maria Cristina Cacciamali Project Paper C (Brazil) May, 2014 Working Paper IDRC Project number 106919-002 (Institute for Human Development, New Delhi, India) IDRC Project number 106919-001 (Cebrap, Sao Paulo, Brazil) IDRC Project title: Labour Market Inequality in Brazil and India Institute for Human Development, NIDM Building, IIPA Campus, IP Estate, New Delhi 110002 Centro Brasileiro Análise Planejamento Cebrap, R. Morgado de Mateus, 615, São Paulo - SP, 04015-051, Brazil Contact: [email protected]; [email protected]; [email protected] This report is presented as received from project recipent(s). It has not been subjected to peer review or other review processes. This work is used with the permission of Institute for Human Development/Cebrap, New Delhi/Sao Paulo. Copyright 2014, Institute for Human Development/Cebrap. Abstract The aim of this paper is three-fold. First, we seek to delve into the main characteristics of accumulation regimes, labor market and inequality in Brazilian history, taking a long-term perspective and showing how these dimensions are mutually reinforcing. Secondly, in other to develop this analytical framework, two periods were chosen – 1940-1980 and 1980-2010 – which should not be considered as monolithic. Different accumulation regimes – even though not complete ones –; labor market trends and inequality patterns can be found in each of these periods. Thirdly, even though the paper is cut down in two different parts (one for each period and with a similar structure), it is our intention to grasp continuities and ruptures between them.
    [Show full text]
  • UC Berkeley UC Berkeley Electronic Theses and Dissertations
    UC Berkeley UC Berkeley Electronic Theses and Dissertations Title National Socialism Before Nazism: Friedrich Naumann and Theodor Fritsch, 1890-1914 Permalink https://escholarship.org/uc/item/7bt808vx Author Kedar, Asaf Publication Date 2010 Peer reviewed|Thesis/dissertation eScholarship.org Powered by the California Digital Library University of California National Socialism Before Nazism: Friedrich Naumann and Theodor Fritsch, 1890-1914 By Asaf Kedar A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Political Science in the Graduate Division of the University of California, Berkeley Committee in charge: Professor Mark Bevir, Chair Professor Wendy Brown Professor Martin Jay Spring 2010 National Socialism Before Nazism: Friedrich Naumann and Theodor Fritsch, 1890-1914 Copyright 2010 by Asaf Kedar Abstract National Socialism Before Nazism: Friedrich Naumann and Theodor Fritsch, 1890-1914 by Asaf Kedar Doctor of Philosophy in Political Science University of California, Berkeley Professor Mark Bevir, Chair This dissertation is a rethinking and critique of the concept of “national socialism.” I show that this concept not only emerged in Germany years before Nazism, but also arose within the mainstream of German society, alongside and independently of parallel developments in the radical right. Alarmed by the dramatic rise of an internationalist, Marxist socialism in the years following German unification, a succession of prominent public figures gave voice to an alternative, nationalist reading of the social problems accompanying capitalist industrialization. This endeavor involved a wholesale reconceptualization of social life and social reform, and a marginalization of the concern for social justice and emancipation in favor of a preoccupation with national order, homogeneity, and power.
    [Show full text]
  • Developmentalism: a Friend Or a Foe to Constitutional Democracy in Africa
    Developmentalism: A Friend or a Foe to Constitutional Democracy in Africa Gedion T. Hessebon1 Despite the advances constitutional democracy has made in sub-Saharan Africa over the past two decades, there are still many challenges to its consolidation and entrenchment in the continent. One such challenge to constitutional democracy in sub-Saharan Africa seems to be the increasing appeal of the “Developmental State” model. The thinking behind the developmental state model, inspired by the economic success of East Asian countries like Korea, Taiwan, and Singapore, challenges the relevance and legitimacy of the liberal model of constitutional democracy in Africa. In a way, the emerging developmentalist discourse seems to be a reincarnation of similar arguments deployed to jettison democracy in the 1960s and 70s by the post-independence political elite of Africa. Nevertheless, given how this discourse resonates with the popular demand for socioeconomic progress and transformation, advocates of constitutional democracy should be careful not to fall into the trap of creating a false dichotomy between development and constitutional democracy. The aim of this paper is to present a defense of the liberal democratic constitutional model by showing its potential contribution to socio-economic development. With this objective in view, the author will first discuss how the developmentalist discourse has been, and continues to be, deployed in various African countries, particularly in Ethiopia, Rwanda, and Ghana in debates concerning constitutional reform and implementation. This discussion will highlight both the benign and malignant strains of such developmentalist discourse. Finally, by relying upon the 1 Assistant Professor, Addis Ababa University, Ethiopia. The author could be reached at [email protected] or [email protected].
    [Show full text]
  • Werner Sombart's ʻovercomingʼ of Marxism
    CHAPTER 27 Werner Sombart’s ʻOvercomingʼ of Marxism 27.1 The Historical School as ʻDigestive Scienceʼ (Rosa Luxemburg) The ʻolder historical schoolʼ of political economy, whose members included Wilhelm Roscher (1817–94), Bruno Hildebrandt (1812–78) and Karl Knies (1821– 98), emerged in the 1840s. It was a specifically ʻGermanʼ reaction both to the French Revolution and to the ʻWesternʼ cosmopolitanism of classical political economy from Smith to Ricardo.1 It was ostensibly concerned with opposing the ʻsurgical extractionʼ of the economy from the ʻliving bodyʼ of popular life and the life of the state, and in particular the ʻnarrow egotistic psychologyʼ according to which social actors are guided, in their economic behaviour, only by economic considerations, as opposed to ethical motives.2 If Machiavelli banished ethics from politics, Adam Smith performed the same operation for political economy, criticises Knies, who emphasises the significance of the ʻethico-political momentʼ for political economy and speaks of the discipline being ʻelevatedʼ to the status of a ʻmoral and political science’.3 At first glance, this seems to represent an integral approach to studying social practices. But behind this pathos of wholeness, there lies the definition of political economy as a ʻstate economyʼ concerned with ʻjudging men and ruling them’.4 The historical school developed from cameralism, which became the discipline of state science due to the Prussian path of capitalist develop- ment.5 Marx describes cameralism as ʻa medley of smatterings, through
    [Show full text]
  • Cultural Consensus, Political Conflict: the Problem of Unity Among German Intellectuals During World War I
    University of Tennessee, Knoxville TRACE: Tennessee Research and Creative Exchange Masters Theses Graduate School 5-2006 Cultural Consensus, Political Conflict: The Problem of Unity among German Intellectuals during World War I Benjamin Taylor Shannon University of Tennessee, Knoxville Follow this and additional works at: https://trace.tennessee.edu/utk_gradthes Part of the History Commons Recommended Citation Shannon, Benjamin Taylor, "Cultural Consensus, Political Conflict: The Problem of Unity among German Intellectuals during World War I. " Master's Thesis, University of Tennessee, 2006. https://trace.tennessee.edu/utk_gradthes/4498 This Thesis is brought to you for free and open access by the Graduate School at TRACE: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Masters Theses by an authorized administrator of TRACE: Tennessee Research and Creative Exchange. For more information, please contact [email protected]. To the Graduate Council: I am submitting herewith a thesis written by Benjamin Taylor Shannon entitled "Cultural Consensus, Political Conflict: The Problem of Unity among German Intellectuals during World War I." I have examined the final electronic copy of this thesis for form and content and recommend that it be accepted in partial fulfillment of the equirr ements for the degree of Master of Arts, with a major in History. Vejas Liulevicius, Major Professor We have read this thesis and recommend its acceptance: A. Denise Phillips, John Bohstedt Accepted for the Council: Carolyn R. Hodges Vice Provost and Dean of the Graduate School (Original signatures are on file with official studentecor r ds.) To the Graduate Council: I am submitting herewith a thesis written by Benjamin Taylor Shannon entitled "Cultural Consensus, Political Conflict: The Problem of Unity among German Intellectuals during World War I." I have examined the finalpaper copy of this thesis for formand content and recommend that it be accepted in partial fulfillment of the requirements for the degree of Master of Arts, with a major in History.
    [Show full text]
  • From Modernism to Messianism: Liberal Developmentalism And
    From Modernism to Messianism: Liberal Developmentalism and American Exceptionalism1 Following the Second World War, we encounter again many of the same developmental themes that dominated the theory and practice of imperialism in the nineteenth century. Of course, there are important differences as well. For one thing, the differentiation and institutionalization of the human sciences in the intervening years means that these themes are now articulated and elaborated within specialized academic disciplines. For another, the main field on which developmental theory and practice are deployed is no longer British – or, more broadly, European – imperialism but American neoimperialism. At the close of the War, the United States was not only the major military, economic, and political power left standing; it was also less implicated than European states in colonial domination abroad. The depletion of the colonial powers and the imminent breakup of their empires left it in a singular position to lead the reshaping of the post-War world. And it tried to do so in its own image and likeness: America saw itself as the exemplar and apostle of a fully developed modernity.2 In this it was, in some ways, only reproducing the self-understanding and self- regard of the classical imperial powers of the modern period. But in other ways America’s civilizing mission was marked by the exceptionalism of its political history and culture, which was famously analyzed by Louis Hartz fifty years ago.3 Picking up on Alexis de Tocqueville’s observation that Americans were “born equal,” Hartz elaborated upon the uniqueness of the American political experience.
    [Show full text]
  • Technology in Sombart's Sociology
    Technology in Sombart’s sociology Gennaro Iorio Abstract This paper outlines Sombart’s thought in respect to technology. After describing the cultural context, the paper presents Chapter XXIX, entitled “The Spirit of Technology”, of his most important work Modern Capitalism (Sombart 1902/1972), but mostly we will look at an in-depth study done on the essay “Technology and Culture” of 1911, which Sombart presented to the German Sociology Society at its first congress. The conclusions will emphasize how useful a reflection on technology can be, so as to propose once again original excerpts drawn from the thought of a great nineteenth-century European intellectual. Keywords : Technology, Modernity, Capitalism, Culture, Sombart 1. Introduction This essay delineates Sombart’s thought in regard to technology. After having defined the cultural context within which scientific production regarding the topic on technology is assembled, the essay presents Sombart’s thought, utilizing chapter XXIX entitled: “The Spirit of Technology”, of his most important work Modern Capitalism (Sombart 1902/1972). Moreover we shall be going more in depth on the essay “Technology and Culture” of 1911, which Sombart presented at the first congress of the German Sociological Society. In concluding, we will show how useful a reflection on technology can be, by re-proposing unedited excerpts from the thought of a great nineteenth-century German intellectual. 2. Technology and Modernity: the context of the debate in Sombart’s time One of the arguments around which German intellectual reflection is organized, between the nineteenth and twentieth centuries, concerns the character of technology, which increasingly takes on the form of domination regarding the nature and the life of man.
    [Show full text]
  • Models of the Developmental State
    Models of the developmental state Luiz Carlos Bresser-Pereira Abstract This paper seeks to understand the developmental state and its historical role in industrial revolutions and afterwards. First, the developmental state is defined as an alternative to the liberal state. Second, it is argued that industrial revolutions have always taken place within the framework of a developmental state. Third, four models of developmental states are defined according to the point in time at which the industrial revolution took place and the central or peripheral character of the country. Fourth, the paper describes how the state withdraws partially from the economy after the industrial revolution, but the developmental state continues to have a major role in directing industrial policy and in conducting an active macroeconomic policy. Keywords Public administration, economic planning, macroeconomics, liberalism, nationalism, economic policy, economic development JEL classification O10, O11, O19 Author Luiz Carlos Bresser-Pereira is an Emeritus Professor with the Department of Economics of the Sao Paulo School of Economics, Getulio Vargas Foundation, Brazil. Email: [email protected]. 36 CEPAL Review N° 128 • August 2019 I. Introduction In the 1950s, Brazilian political scientists and economists identified “developmentalism” as a set of political ideas and economic strategies that drove Brazil’s rapid industrialization and underpinned the coalition of social classes identified with national development. Hélio Jaguaribe (1962, p. 208) stated in the early 1960s that “the core thesis of developmentalism is that the promotion of economic development and the consolidation of nationality stand as two correlated aspects of a single emancipatory process”. Through “national developmentalism”, which would become the established term for the country’s development strategy, Brazilian society was successfully overcoming the patrimonial state that characterized its politics until 1930.
    [Show full text]
  • The German Historical School1): Toward the Integration of the Social Sciences*
    The German Historical School1): Toward the Integration of the Social Sciences* Yukihiro Ikeda Abstract: This article surveys the major secondary literature on the German Historical school produced for the most part from the 1990s onward. Following a brief introduction, and using the customary terms Older, Younger, and Youngest to identify periods of development in the school, I note with critical comment works on the Older Histori- cal school. Then in the following section we turn to work done on the Younger and Youngest members of the School. In the last section, centering on the questions of what has been accomplished and what is necessary to promote further studies, some general suggestions are given regarding future research. JEL classification numbers: B15, B25. “I did not know Schmoller’s works or theories very well; what was impor- tant to me was only that I catch sight of him in the halls of the University of Berlin. I was afraid that he might die before I arrived in Berlin. How fortunate I was. I was sitting in the front hall when I first saw Schmoller, with grey hair and whiskers and wearing a frock coat. I was so very glad to have seen him.”( Koizumi 2001, 432) countries, eagerly sought to see Gustav I Introduction Schmoller, Werner Sombart, or another of The German Historical school contributed a the great Historical school names at least major current in economic thought up to the once in their lifetime. Without exaggeration outbreak of World War I. Countless students, it can be said that these people were among not only from Germany but from many other the economic science superstars of their day.
    [Show full text]