Schmoller's evolutionary economics
Part of : Αρχείον οικονομικής ιστορίας ; Vol.I, No.2, 1991, pages 5-17
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5-17
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This essay is focused on Gustav von Schmoller's organistic systems theory as a typical from of evolutionary economics. Economic life, in its broadest sense, was conceived of by Schmoller as an evolving whole. His systems theory interpretation is based on a "dualistic" perception of economic reality: incorporating the point of view of the social sciences and that of the sciences of nature. In this matter Schmoller stood between Roscher, his predecessor in the German historical school, and his contemporary kindred spirit Dilthey. To Wilhelm Roscher, economics has the character of natural sciences; according to Wihlelm Dilthey, economics belongs to the social sciences. Schmoller saw economic reality as reflected with the idea of an ordered system, in which the sphere of decision-making, the technological sphere, and the sphere of capital and nature are distinguished.
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