In 1900, Schmoller added a section on "Races and Peoples" to his "Grundriß der Allgemeinen Volkswirtschaftslehre" and in it, on twenty pages of alleged findings on diverse personality traits, described a hierarchical order of "races", which he presented as a basis of economics.Deutsches Textarchiv – Schmoller, Gustav: Grundriß der Allgemeinen Volkswirtschaftslehre. Bd. 1. Leipzig, 1900. For this reason, the Verein für Socialpolitik, which awards the Gustav Schmoller Medal for outstanding services to the Association, has suspended the award from June 2021 to May 2026 and decided to discuss the subject of the relevant section of Schmoller's book at upcoming annual meetings during this period.Georg Weizsäcker: Gustav Schmoller und das R-Wort. In: Frankfurter Allgemeine Zeitung vom 21. Juni 2021.
