Everything about Wilhelm Roscher totally explained
Wilhelm Georg Friedrich Roscher (
October 21,
1817 -
June 4,
1894) was a
German economist from
Hanover.
He studied at
Göttingen, where he became a member of
Corps Hannovera, and
Berlin, and obtained a professorship at Göttingen in 1844 and subsequently at
Leipzig in
1848.
The main origins of the
historical school of political economy may be traced to Roscher. Its fundamental principles are dated, though with some hesitation, and with an unfortunate contrast of the historical with the philosophical method, in his
Grundriss zu Vorlesungen über die Staatswirtschaft nach geschichtlicher Methode (1843).
Roscher tried to establish the laws of economic development by using the historical method from the investigation of histories legal, political, cultural and other aspects.
Roscher developed a cyclical theory where nations and their economies pass though 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 principals of a science were only exposed long after they'd performed their duties.
This short study was afterwards expanded into his great
System der Volkswirthschaft, published in five volumes between 1854 and 1894, and arranged as follows:
- vol. i., Die Grundlagen der National Ökonomie, 1854 (trans. by JJ Lalor, Principles of Political Economy, Chicago, 1878) Volume One
Volume Two
- vol. ii., Die Nationalökonomik des Ackerbaues und der verwandten Urproduktionen,, 1859
- vol. iii., Die Nationalökonomik des Handels und Gewerbfleisses, 1881
- vol. iv., System der Finanzwissenschaft, 1886
- vol. v., System der Armenpfiege und Armenpolitik, 1894.
His Geschichte der Nationalökonomie in Deutschland (1874) is a monumental work.
He also published in 1842 an excellent commentary on the life and works of
Thucydides.
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