Abstract
After 1870, classical liberals gradually lost their influence. Political economy began to be taught in university faculties of law, and also in some of the engineering schools. This laid the foundations for a long-standing divide between two groups of economists. Professors of political economy in the law faculties often inclined to an institutionalist approach, and opposed the mathematical approach to political economy that economic engineers and some mathematicians adopted. This antagonism abated after the Second World War as French economists strengthened their relations with foreign colleagues.
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Béraud, A., Steiner, P. (2018). France, Economics in (After 1870). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1997
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1997
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