Wilhelm Georg Friedrich Roscher
1817 – 1894
Who was Wilhelm Georg Friedrich Roscher?
The main origins of the historical school of political economy may be traced to Roscher. Its fundamental principles are dated to his Grundriss zu Vorlesungen über die Staatswirtschaft nach geschichtlicher Methode.
Roscher developed a cyclical theory where nations and their economies pass through youth, manhood and senile decay: “The method of a science is of greater significance by far than any single discovery, however amazing the later may be.” This was in direct contrast to the English traditional economist who believed that the principles of a science were only exposed long after they had performed their duties.
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