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Dr. Nicholas Balabkins

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  • The German Historical School of Economics | Dr. Nicholas Balabkins

    The German Historical School of Economics

    • UNABRIDGED (2 hrs and 17 mins)
    • By Dr. Nicholas Balabkins
    • Narrated By Louis Rukeyser
    Overall
    (18)
    Performance
    (10)
    Story
    (11)

    Beginning in the early 1840's, a group of German university professors denounced the abstract theories of classical economists, rejecting theoretical analysis in favor of a historical approach. They believed that theories only express what happens in a simplified world, not in the real world, and that they offer little solution to the pressing social problems of the underprivileged.

    Sam Motes says: "Great series"
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