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Introduction

German-trained American political economists were concerned that the way political economy was being taught and studied in the US did not motivate the development of critical thinking, creativity, and curiosity, or stimulate the production of original research and publications.

To remedy this situation, they sought to emulate their German professors by establishing environments that facilitated the free exchange of ideas and fruitful academic discussions, which led many of them to become significantly involved in the founding of various economic associations and journals in the US. Other objectives of these newly established journals and associations were to unite political econ­omists against classical orthodoxy. Basically, they were intended to be centers of new thought forces where political economists could work together to develop ideas and obtain strength through mutual support.

This chapter discusses the establishment of some of the most prominent economic associations and institutes in the US, including the American Eco­nomic Association (AEA), the American Academy of Political and Social Science (AAPSS), and the American Political Science Association (APSA). It also discusses journals and periodicals whose creations were attributed to the work and efforts of American economists who were directly inf luenced or inspired by the German Historical School of Economics (GHSE), including the American Economic Association Quarterly, the American Economic Review, the Quarterly Journal of Economics (QJE), the Political Science Quarterly (PSQ), and The Yale Review. Furthermore, this chapter explains that, in addition to es­tablishing economic associations and journals, adherents of the New School also contributed to the development of the discipline of economics in the US by founding various institutions and research centers, as well as playing instrumental roles in the development of government legislation and policies.

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Source: Filip Birsen. The Early History of Economics in the United States. Routledge,2022. — 268 p. 2022

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