Heinrich von Storch's innovative contributions to economics

ABSTRACT

Heinrich von Storch was a classical economist of the late eighteenth and early nineteenth century; he was of German descent and of Russian nationality; his main work was written in French. This paper tries to present the essence of Storch's innovative ideas and contrasts them with contemporary British and French economic thinking on value, land rent, foreign trade, money and currency, “inner goods,” and development. It is argued that Storch was an economist of moderate impact on literature but of high professional relevance.

KEYWORDS:

• Value
• land rent
• monetary specie-flow-mechanism
• non-material goods
• human capital

Acknowledgments

I wish to thank, without implicating, two anonymous referees of the journal for valuable comments and suggestions on an earlier version of the paper.

Disclosure statement

No potential conflict of interest was reported by the author.