The historical vs. the deductive method in

Abstract

The offering which the most prominent leader of the younger generation of the historical school has made to the founder and head of that school, Wilhelm Roscher, at the fiftieth anniversary of his doctorate, is a most fitting tribute. It is as if Schmoller had presented a laurel- wreathed portrait of the veteran's intellectual self. A vigorous sketch, which forms the centre of the book, shows Roscher's place and significance in political economy, and around this Schmoller has set a frame of older sketches, consisting chiefly of the literary portraits which he has made of other economists, as occasion served, during the twenty-five years between 1863 and 1888, and made, too, in the light of the historical school. It is this. latter element which gives unity to the book. Embodied in these portraits a whole literary epoch stands before us an epoch which includes the beginning and growth of the political economy founded by Roscher upon historical method, its battles and victories and renewed battles. The life-stage upon which Roscher's scientific mission was fulfilled is thus faithfully exhibited to us

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