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The Early Socialist Critics

List of four early socialist critics of the classical school:- 1. Robert Owen 2. Francois Marie Charles Fourier 3. Louis Blanc 4. Pierre Joseph Proud Hon. Socialist Critic # 1. Robert Owen (1771-1858): Robert Owen was born at Newton in North Wales. He had to leave his schooling at an early age but continued to read books on history, biography, [...]

By |2016-05-23T06:16:19+05:30May 23, 2016|School of Economics|Comments Off on The Early Socialist Critics

Founders of the Older Historical School | Economics

List of three main founders of older historical school of economics:- 1. Wilhelm Roscher 2. Bruno Hildebrand 3. Karl Knies. Founder # 1. Wilhelm Roscher (1817-1896): Roscher was the founder of the Older Historical School. Roscher did not repudiate classical theory completely. He asserted that economic theory should be supplemented with history; and studied in close touch with other sciences [...]

By |2016-05-23T06:16:17+05:30May 23, 2016|School of Economics|Comments Off on Founders of the Older Historical School | Economics

Critical and Positive Ideas of Historical School | Economics

In this article we will discuss about the critical and positive ideas of historical school of economics. Critical Ideas of Historical School: The historical school attacked the classical economics on three grounds: (a) Universality of economic laws, (b) Crude psychological assumptions and (c) Use of deductive method. The belief of the classical writers in the Universality of their doctrines is [...]

By |2016-05-23T06:16:14+05:30May 23, 2016|School of Economics|Comments Off on Critical and Positive Ideas of Historical School | Economics
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