The Older Historical School, History Of Old School

The important writers of the older historical school are Friedrich List (1789-1846), Wilhelm Roscher (1817-1894), Bruno Hildebrand (1812-1878), and Karl Knies (1821-1898). They contended that classical economic theory did not apply to all times and cultures and that the conclusions of Smith, Ricardo, and J. S. Mill, though valid for an industrializing economy such as England's, did not apply to agricultural Germany.