ABSTRACT
After the Austro-Hungarian ally there is a general convergence of historical trajectories that helps to generate a favorable climate for a parallel process of rapprochement in the realm of economic thought. There was already significant dissatisfaction with liberal economic thought and policy among influential Ottoman intellectuals before the penetration of German influence. German influence penetrates to Turkish economic thought as late as the early twentieth century and surprisingly through Russian intermediation. German influence on Turkish economic thought is far more deep-rooted than the effect of German-speaking economists who found for themselves an island of refuge at the University of Istanbul. It does not reduce the effect of the German Historical School. In the minds of the people on the Ottoman-Turkish side, German influence meant automatically the same thing as that of Historismus, be that because either they wrongly simplified everything or they attune more to embrace the historical approach to development-related problems of the long-term.
