Wilhelm Roscher

Wilhelm Roscher was a 19th-century German economist and historian who helped develop the field of economic history. He emphasized studying economic development over time, considering factors like institutions, culture, and historical context. Roscher believed that understanding the unique economic circumstances of different countries and periods was essential for meaningful analysis, challenging the idea that economic laws are universal and unchanging. His approach helped lay the groundwork for modern economic history and institutional economics, highlighting that economic behavior is deeply influenced by historical and social factors.