But the general welfare must restrict and regulate the exertions of the individuals, as the individuals must derive a supply of their strength from social power.
Friedrich List Quotes
An individual, in promoting his own interest, may injure the public interest; a nation, in promoting the general welfare, may check the interest of a part of its members.
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| Birth: | 6th August, 1789 |
| Death: | 30th November, 1846 |
| Nationality: | American, German |
| Profession: | Economist, Journalist, Professor |
About
Friedrich List was born in Reutlingen, Germany. He was a German-American economist who developed the "National System" or what some would call today the National System of Innovation. He was a forefather of the German historical school of economics, and considered the original European unity theorist whose ideas were the basis for the European Economic Community. He also supported the free exchange of domestic goods, and he gained prominence as founder and secretary of an association of middle and southern German industrialists who sought to abolish tariff barriers within the German states. In 1817, he was appointed professor of administration and politics at the University of Tübingen, but the fall of the ministry in 1819 compelled him to resign. He was a journalist in Paris from 1837 to 1843. He wrote The National System of Political Economy in 1841.
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