historical school
- noun
- /hɪˈstɔrɪkəl skul/
- Formal
- The historical school of thought emphasizes the importance of context in understanding economic systems.
Examples
-
Scholars from the historical school argue that legal systems evolve over time influenced by cultural factors.
-
The theoretical work of trade economists, the insights of the business-historical school, the work of historians of science and technology, and the contributions of experts in industrial organization have all enriched our understanding of how wealth is created in a market-based economy.
Academic text (1993) -
Many economists today still reference the principles established by the historical school to analyze modern practices.
Synonyms
The idea that society and culture are shaped by events in the past
Surface Forms
Morphology
The meaning — a group of thinkers or an intellectual movement characterized by a historical approach — is directly and predictably derived from 'historical' (relating to development across time) + 'school' (a group or tradition of thinkers). The compositional pattern 'X school' meaning 'a school of thought characterized by X' is cross-linguistically common, so a B1 learner who knows both words would readily infer this meaning.
Etymology
The term historical school comes from a group of thinkers who focused on the past: historical means about the past and school means a group with the same ideas. They believed laws and economies grow and change over time, so historical school means a group that explains systems 'by looking at their history'.