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Non nova, noviter?: Heinrich Dietzel and the last breath of classical political economy in Germany

Ian Almeida
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Ian Almeida: Cedeplar-UFMG

No 602, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: In the Germany of the last quarter of the nineteenth-century, the dispute between the German Historical School of Economics and the newly founded Austrian school dominated economic discourse. In this environment, one author stood out in his criticism of both sides: Heinrich Dietzel. Dietzel proposed a theory and method, his Sozialökonomik (social economics), as a solution for the Methodenstreit. This reformulation, while correcting the mistakes of classical political economy, nonetheless followed what he saw the same direction, i.e. of a theoretical discipline with its object of study clearly delimited within the moral/social sciences. The intention was detaching from the latest developments (such as John Stuart Mill’s) as well as from what he saw as other erroneous criticism that, at the time, existed in German-speaking countries. This paper presents Dietzel’s work as relates to all these concerns and to the idea of social science as existed at the time.

Keywords: Heinrich Dietzel; Sozialökonomik; Social Economics; Methodenstreit; Value Theory; History of Economic Thought; Wilhelm DiltheyClassification-JEL: O3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his and nep-hpe
Date: 2019-05
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