Bruno Hildebrand

Bruno Hildebrand was a German economist representing the "older" historical school of economics. His economic thinking was highly critical of classical economists, especially of David Ricardo. His magnum opus was Economics of the Present and the Future (1848). The basic aim of this work was to establish laws of economic development. Hildebrand also stated that economic development was linear, not cyclical. He supported socialist theory on the basis of religion, basic morals, and his beliefs about the negative effect of property on economic behaviour.