German Historical School of Economics - Dr. Nicholas Balabkins Business / Economics

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German Historical School of Economics, The

See Larger Image	Category :	Economics

	Publisher :	Blackstone Audio Inc
	Author :	Dr. Nicholas Balabkins
	Narrator :	Louis Rukeyser

	Length :	2 hours (Unabridged)

Download Price :		$8.99

Format :		Encoded Windows Media

© 2006 Blackstone Audio Inc

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Beginning in the early 1840's, a group of German university professors denounced the abstract
theories of classical economists, rejecting theoretical analysis in favor of a historical approach. They believed
that theories only express what happens in a simplified world, not in the real world, and that they offer little
solution to the pressing social problems of the underprivileged. Seeking to find a middle ground between laissez
faire capitalism and the Marxist revolution, they pioneered welfare capitalism.

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capitalism, revealing their influence in today's debate on economic progress and prosperity.

Lehigh University

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