ABSTRACT

Karl Marx, Frederick Engels and the German historical school were products of the same philosophical culture. The revolution in German philosophy was crucial in the emergence of the historical school. Kant had argued that knowledge cannot have content without reference to experience. Hegel, as noted in the preceding chapter, had elaborated a whole schema of historical development. Furthermore, Hegel had attacked the idea of the self-regulating market: he saw the state as necessary for economic, social and political cohesion.1