The Foundations of Economics

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Rooted in the author's critique of the Historical School of economics, this work reflects his journey from its teachings to a focus on economic theory. As a prominent figure at the University of Freiburg, Professor Eucken sought to address the shortcomings of the Historical School, particularly its failure to explain significant economic events like post-WWI inflation. His writings sparked renewed interest in economic theory during the 1920s and helped sustain it through the tumultuous 1930s and WWII, leading to extensive discussions in German economic circles.