Foreword -- 1 The new Population of Economics: Multiple, Fair, Ignorant and Emotional Actors. How are the Markets Ordered in Accordance with Diversified Knowledge Bases? -- 2 Mutual and self-enforcing agreements. Contracts as the basic institution of economics: Network knowledge instead of...

Schmoller tried to combine reasoning and economic analysis to give a new foundation to German economic theory in the nineteenth century. Opposing the economic philosophy of Fichte, Schmoller preferred an institutional approach to the extremes of pure market and pure state economy. His ideas on...