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In search of full empirical reality: historical political economy, 1870-1900 1
Authors:
Erik Grimmer-Solem; Roberto Romani
DOI:
10.1080/10427719900000071
Publication Frequency:
4 issues per year
Published in:
The European Journal of the History of Economic Thought,
Volume
6,
Issue
3
Autumn
1999
, pages 333
- 364
The European Journal of the History of Economic Thought,
Volume
6,
Issue
3
Autumn
1999
, pages 333
- 364
Subject:
History of Economic Thought;
Formats available:
PDF
(English)
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Abstract
The notion of a 'Historical School' is burdened with numerous vague associations and overlapping uses leaving it wanting as a useful rubric of more specific research. To overcome this state of affairs, the article seeks to define and characterize the specific attributes of a historical political economy which arose in Europe between roughly 1870 and 1900. Authors from four countries are considered: Germany, Britain, France and Italy. We focus specifically on the relaionship and tension between empirical history and economic theory, thereby illustrating the resulting approach to policy. We contend that our characterization provides a useful illustration of the achievements and shortcomings of historical empiricism, inductivism, and pragmatism in economics.
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1
*The present essay has been written as part of the Leverhulme Historical Political Economy Project at the centre for History and Economics of King's College, Cambridge. The authors have drawn substantial inspiration from the workshop on historical economics held on February 9. 1996, at King's College, Cambridge. In particular, the authors have benefited from many points made on that occasion by Nancy Carnvright, Istvan Hont, Emma Rothschild, Gareth Stedman Jones, Keith Tribe and Thomas Uebel. An earlier version of this paper was presented at a seminar at the London School of Economics on October 24. 1996. We wish to thank all the attendants, and particularly Mary Morgan and Marco Del Seta, for many valuable comments. Robert D. C. Black, Jordi Cat, Daniela Donnini Maccio, Avner Offer, and two anonymous referees provided useful criticisms of an earlier draft. Usual disclaimers apply.
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| Keywords: Historical school of economics; historical political economy; economic history; economic methodology; social reform; Schmoller |
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