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| Author: | Reinhard, P. Rauchenschwandtner, H. |
| Title: | Sense of community: a fundamental concept of institutional economics |
| Journal: | Journal of Institutional and Theoretical Economics
1998 : JUN, VOL. 154:2, p. 406-421 |
| Index terms: | INSTITUTIONAL ECONOMICS HISTORY SCHOOLS OF ECONOMICS |
| Language: | eng |
| Abstract: | In this paper it is shown that the Historical School is based on a concept of sensus communis or Gemeinsinn (sense of community) rather than on a concept of an essentialist entity. Wilhelm Rochester in particular was dealing with the problem of how individual self-interest and conscience are turned by sensus communis into agreement. A revaluation of Roscher's efforts leads to a different judgement on Cart Menger's critique of the Historical School. |
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