English School
Further information: English historical school of economicsAlthough not nearly as famous as its German counterpart, there was also an English Historical School, whose figures included Francis Bacon and Herbert Spencer. It was this school that heavily critiqued the deductive approach of the classical economists, especially the writings of David Ricardo. This school revered the inductive process and called for the merging of historical fact with those of the present period. Included in this school are: William Whewell, Richard Jones, Walter Bagehot, Thorold Rogers, Arnold Toynbee and William Cunningham just to name a few.
Read more about this topic: Historical School Of Economics
Famous quotes containing the words english and/or school:
“English audiences of working people are like an instrument that responds to the player. Thought ripples up and down them, and if in some heart the speaker strikes a dissonance there is a swift answer. Always the voice speaks from gallery or pit, the terrible voice which detaches itself in every English crowd, full of caustic wit, full of irony or, maybe, approval.”
—Mary Heaton Vorse (1874–1966)
“East, west, north, south, or like a school broke up,
Each hurries toward his home and sporting-place.”
—William Shakespeare (1564–1616)