English historical school of economics

The English historical school of economics, although not nearly as famous as its German counterpart, sought a return of inductive methods in economics, following the triumph of the deductive approach of David Ricardo in the early 19th century.[1] The school considered itself the intellectual heirs of past figures who had emphasised empiricism and induction, such as Francis Bacon and Adam Smith.[2][3] Included in this school are William Whewell, Richard Jones, Thomas Edward Cliffe Leslie, Walter Bagehot, Thorold Rogers, Arnold Toynbee, William Cunningham, and William Ashley.[1]

  1. ^ a b Spiegel, 1991
  2. ^ Cliffe Leslie, 1870.
  3. ^ Thorold Rogers, 1880