Book contents
- Frontmatter
- Contents
- Introduction
- Chapter 1 German Economics as Development Economics: From the Thirty Years' War to World War II
- Chapter 2 The Role of the State in Economic Growth
- Chapter 3 A Brief Introduction to Veit Ludwig von Seckendorff (1626– 1692)
- Chapter 4 Exploring the Genesis of Economic Innovations: The Religious Gestalt-Switch and the Duty to Invent as Preconditions for Economic Growth (with Arno Daastøl)
- Chapter 5 Johann Heinrich Gottlob von Justi (1717– 1771): The Life and Times of an Economist Adventurer
- Chapter 6 Jacob Bielfeld's “On the Decline of States” (1760) and Its Relevance for Today
- Chapter 7 Raw Materials in the History of Economic Policy; or, Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn
- Chapter 8 Compensation Mechanisms and Targeted Economic Growth: Lessons from the History of Economic Policy
- Chapter 9 Karl Bücher and the Geographical Dimensions of Techno-Economic Change: Production-Based Economic Theory and the Stages of Economic Development
- Chapter 10 Austrian Economics and the Other Canon: The Austrians between the Activistic-Idealistic and the Passivistic-Materialistic Traditions of Economics
- Chapter 11 Nietzsche and the German Historical School of Economics (with Sophus A. Reinert)
- Chapter 12 Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter (with Hugo Reinert)
- Chapter 13 Schumpeter in the Context of Two Canons of Economic Thought
- Chapter 14 The Role of Technology in the Creation of Rich and Poor Nations: Underdevelopment in a Schumpeterian System
- Chapter 15 Towards an Austro–German Theory of Uneven Economic Development? A Plea for Theorising by Inclusion
- Chapter 16 The Qualitative Shift in European Integration: Towards Permanent Wage Pressures and a ‘Latin-Americanization’ of Europe? (with Rainer Kattel)
- Chapter 17 Primitivization of the EU Periphery: The Loss of Relevant Knowledge
- Chapter 18 Mechanisms of Financial Crises in Growth and Collapse: Hammurabi, Schumpeter, Perez, and Minsky
- Chapter 19 Full Circle: Economics from Scholasticism through Innovation and Back into Mathematical Scholasticism: Reflections on a 1769 Price Essay: “Why Is It That Economics So Far Has Gained So Few Advantages from Physics and Mathematics?”
- Chapter 20 Werner Sombart (1863– 1941) and the Swan Song of German Economics
- Index
Chapter 5 - Johann Heinrich Gottlob von Justi (1717– 1771): The Life and Times of an Economist Adventurer
Published online by Cambridge University Press: 30 March 2019
- Frontmatter
- Contents
- Introduction
- Chapter 1 German Economics as Development Economics: From the Thirty Years' War to World War II
- Chapter 2 The Role of the State in Economic Growth
- Chapter 3 A Brief Introduction to Veit Ludwig von Seckendorff (1626– 1692)
- Chapter 4 Exploring the Genesis of Economic Innovations: The Religious Gestalt-Switch and the Duty to Invent as Preconditions for Economic Growth (with Arno Daastøl)
- Chapter 5 Johann Heinrich Gottlob von Justi (1717– 1771): The Life and Times of an Economist Adventurer
- Chapter 6 Jacob Bielfeld's “On the Decline of States” (1760) and Its Relevance for Today
- Chapter 7 Raw Materials in the History of Economic Policy; or, Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn
- Chapter 8 Compensation Mechanisms and Targeted Economic Growth: Lessons from the History of Economic Policy
- Chapter 9 Karl Bücher and the Geographical Dimensions of Techno-Economic Change: Production-Based Economic Theory and the Stages of Economic Development
- Chapter 10 Austrian Economics and the Other Canon: The Austrians between the Activistic-Idealistic and the Passivistic-Materialistic Traditions of Economics
- Chapter 11 Nietzsche and the German Historical School of Economics (with Sophus A. Reinert)
- Chapter 12 Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter (with Hugo Reinert)
- Chapter 13 Schumpeter in the Context of Two Canons of Economic Thought
- Chapter 14 The Role of Technology in the Creation of Rich and Poor Nations: Underdevelopment in a Schumpeterian System
- Chapter 15 Towards an Austro–German Theory of Uneven Economic Development? A Plea for Theorising by Inclusion
- Chapter 16 The Qualitative Shift in European Integration: Towards Permanent Wage Pressures and a ‘Latin-Americanization’ of Europe? (with Rainer Kattel)
- Chapter 17 Primitivization of the EU Periphery: The Loss of Relevant Knowledge
- Chapter 18 Mechanisms of Financial Crises in Growth and Collapse: Hammurabi, Schumpeter, Perez, and Minsky
- Chapter 19 Full Circle: Economics from Scholasticism through Innovation and Back into Mathematical Scholasticism: Reflections on a 1769 Price Essay: “Why Is It That Economics So Far Has Gained So Few Advantages from Physics and Mathematics?”
- Chapter 20 Werner Sombart (1863– 1941) and the Swan Song of German Economics
- Index
Summary
Introduction: ‘State Adventurers’ in English and German Economic History
The term merchant adventurer was applied to the earliest medieval English merchants who made their wealth and fame in new and hazardous markets (Carus-Wilson, 1967). A similar spirit of hazardous economic adventure cum economic career characterized the life of economist and social scientist Johann Heinrich Gottlob von Justi (1717– 1771) as well as several of his cameralist contemporaries in Germany and Austria. Justi epitomizes the heyday of the German brand of mercantilist writing, cameralism. These traditions represent the reasoning on economics and state sciences that laid the necessary groundwork for the creation of all European nation-states and for the Industrial Revolution, but was later excluded from the more narrow and barter-based economics of the English tradition. Justi was both a synthesizer and a modernizer of this tradition, absorbing the important novelties of the 1700's into the already existing consensus of the late 1600– s. Justi was, as far as we can judge, probably also the most prolific writer of all economists in any language, publishing a total of 67 books of which 8 works were translated into five languages (See Reinert & Reinert: ‘A Bibliography of J.H.G. von Justi’ in this volume).
As a profession, these early German-speaking economists stand out as being of a very different class and type than their English contemporaries. This is emphasized by Keith Tribe, the English-speaking author who in a very thorough work has devoted more time and space to Justi than anyone else in the English language (Tribe 1988). However, when comparing Justi's writings with the economics traditions in the rest of the European continent – from Spain to Sweden and Finland – rather than with England, it is in fact the English tradition that stands out as being ‘different’. Whereas most early English economists were themselves merchants, the professional career of the typical German economist at the time tended to be tied to the administration of the many small German states. The activities of these German-speaking economists tended to cover a very broad spectrum. Their careers include both theory and Praxis – teaching, administration and entrepreneurship – and also activities on very different levels of abstraction: from theoretical philosophy to government administration and practical matters of production and starting new enterprises.
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- The Visionary Realism of German EconomicsFrom the Thirty Years’ War to the Cold War, pp. 163 - 202Publisher: Anthem PressPrint publication year: 2019