The Freiburg School

The Freiburg School, founded in Germany in the late 19th and early 20th centuries, is a group of economists known for emphasizing the importance of monetary policy, banking, and the role of government in promoting economic stability and full employment. They believed that active government intervention, especially through controlling the money supply and interest rates, could help manage economic fluctuations and prevent unemployment. Their approach contrasted with classical economics, focusing more on practical policies to stabilize the economy and support social well-being. Notable figures include economist Charles Friedrich Göschen and later, economists like Walther Eucken, who contributed to their ideas.