The Verein für Socialpolitik (German: [fɛʁˈʔaɪn fyːɐ̯ zoˈtsi̯al.poliˌtːik]; literally: Association for Social Policy), or the German Economic Association, is an important society of economists in the German-speaking area. The Verein was founded in Eisenach in 1872 as a response to the "social question". Among its founders were eminent economists like Gustav von Schmoller, Lujo Brentano and Adolph Wagner, who sought a middle path between socialist and laissez-faire economic policies. On the contrary, the liberal publicist Heinrich Bernhard Oppenheim, critical of their "fanciful positions", dubbed them the Kathedersozialisten (socialists of the chair), meant as pejorative term. More information...
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