ECS3705 Study unit 6

Chapter 11: German Historical School 1. The meaning of the historical school’s evolutionary approach. Evolutionary approach is a dynamic evolutionary perspective in its study of society. It concentrated on cumulative development and growth. An analogy was sometimes drawn to Darwin’s evolutionism in biology: the social organism is born, develops and grows, and finally decays and dies. Society is constantly changing. Therefore, what is relevant economic doctrine for one country at a part...