Roscher's Victorian views on financial development

Article Abstract:

Wilhelm Roscher's position as the founder of the historical school of economics financial development failed because it was predicated on the use of history to forecast future, long-term, economic trends. Although his theories appeared plausible, his failure to 'anticipate the proliferation of war debt, corporate takeover financing, consumer debt and other non-productive uses of credit' render it invalid in contemporary issues.

Analysis, Criticism and interpretation, Economic forecasting, Roscher, Wilhelm Georg Friedrich

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Full circle: economics from scholasticism through innovation and back into mathematical scholasticism

Article Abstract:

Historical research is presented describing the study of economics dating back to the eighteenth century and how mathematics and physical sciences were employed by economists to develop theories.

History, Economics, Mathematics, Scholasticism

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