Schmoller on Ethics and Economics

Abstract

Schmoller tried to combine reasoning and economic analysis to give a new foundation to German economic theory in the nineteenth century. Opposing the economic philosophy of Fichte, Schmoller preferred an institutional approach to the extremes of pure market and pure state economy. His ideas on economic welfare as a collective rather than as an individualistic idea are discussed.

Citation

Priddat, B.P. (1989), "Schmoller on Ethics and Economics", International Journal of Social Economics, Vol. 16 No. 9/10/11, pp. 47-68. https://doi.org/10.1108/EUM0000000000447