Heterodox influences on Schumpeter

Purpose - Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the...

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Bibliographic Details
Published in:International journal of social economics 2010-01, Vol.37 (3), p.197-213
Main Authors: Michaelides, Panayotis G, Milios, John G, Vouldis, Angelos, Lapatsioras, Spyros
Format: Article
Language:English
Subjects:
Business cycles
Capitalism
Comparative analysis
Economic doctrines
Economic research
Economic theories
Economic theory
Economics
Economists
Elaboration
Entrepreneurs
Ethics
German people
Germany
Historical analysis
History of economic thought
Human agency
Influence
Innovations
Methodology
Research trends
Schumpeter, Joseph A
Studies
Traditions
Values
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Summary:Purpose - Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the German-speaking camp, have not been widely discussed. The purpose of this paper is claim that the elaborations of certain German-speaking heterodox economists and or schools of economic thought may be traced in Schumpeter's oeuvre.Design methodology approach - The influence of the German Historical School and specifically of Gustav von Schmoller, Max Weber and Werner Sombart on typical Schumpeterian themes is examined. In a similar vein, it is argued that Schumpeter's analysis presents striking similarities with the works of the Austro-Marxist Economist Rudolf-Hilferding and the Austrian Social Democrat Emil Lederer.Findings - In this context, certain Schumpeterian insights appear less original.Originality value - Conclusively, it may be inferred that a deeper understanding of Schumpeterian economic analysis presupposes an acquaintance with certain heterodox theoretical traditions of the German-speaking world.
ISSN:0306-8293
1758-6712
DOI:10.1108/03068291011018767