The Ethico-Historical Approach Abroad: The Case of Fukuda

doi:10.1017/CBO9780511750649.008

7 - The Ethico-Historical Approach Abroad: The Case of Fukuda

Published online by Cambridge University Press: 06 July 2010

Tamotsu Nishizawa

Edited by

Roger E. Backhouse and

Tamotsu Nishizawa

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Roger E. Backhouse: Affiliation:
University of Birmingham
Tamotsu Nishizawa: Affiliation:
Hitotsubashi University, Tokyo

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Summary

INTERNATIONAL DIFFUSION OF ETHICO-HISTORICAL THINKING

It was around 1870 that a new interest in social reform, a new spirit of ‘historicism’, and a new activity in the field of economic ‘theory’ began to assert themselves (Schumpeter 1954, 753). This was the context – that of ‘revolutions’ and heated discussions – out of which the neoclassical economics was formed, and in which economics was to be professionalized and institutionalized particularly by Alfred Marshall and the Cambridge economists in Britain. This was also the time when the German historical school, or the ethico-historical school, was developed and disseminated internationally, and economic sociology, institutional economics, arose out of the ethico-historicism and the social reform movement. Like neoclassical economics, this spread internationally and became much stronger in the backward countries or the latecomer countries such as Germany, America, and Japan. Welfare economics has usually been discussed in the context of scientific neoclassical economics and utilitarianism in Cambridge, not in the context of the ethico-historical approach for social reform. In contrast, this chapter places the welfare economic studies against the background of the ethico-historical thinking in the age of social reform, which in Britain largely emanated from the Oxford idealism of T. H. Green, John Ruskin, and Arnold Toynbee, as discussed by Shionoya (in Chapter 5).

Schumpeter argued that one economics from 1870 to 1914 was the ‘Sozialpolitik and the historical method’ (Schumpeter 1954, Part IV, Ch. 4). This seems to have been an international phenomenon: there was an international dimension of ethico-historical thinking.

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Type: Chapter
Information: No Wealth but Life
Welfare Economics and the Welfare State in Britain, 1880–1945
, pp. 136 - 158

DOI: https://doi.org/10.1017/CBO9780511750649.008 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2010

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