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Joseph Schumpeter and the German Historical School

Author

Listed:
  • Panayotis G. Michaelides
  • John G. Milios

Abstract

So far Schumpeter's affinities with the German Historical School (GHS) have been inadequately acknowledged or even unexplored in major accounts of Schumpeter's work. This essay argues that Schumpeter formulated some of his principal theses in accordance with the conceptual framework of the GHS. Schumpeter's affinity with the GHS is established by examining his writings and his relationship with major scholars such as Schmoller, Max Weber and Sombart. It is demonstrated that Schumpeter's works built heavily on GHS insights, and he even referred positively to the ideas of certain of its members. However, some obvious differences between Schumpeter and the GHS are observed. The paper concludes that the GHS should inspire further research in evolutionary economics. Copyright The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Panayotis G. Michaelides & John G. Milios, 2009. "Joseph Schumpeter and the German Historical School," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(3), pages 495-516, May.
    • Handle: RePEc:oup:cambje:v:33:y:2009:i:3:p:495-516
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    File URL: http://hdl.handle.net/10.1093/cje/ben052
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    Citations

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    Cited by:

    1. Katselidis, Ioannis & Vouldis, Angelos & Michaelides, Panayotis G., 2010. "Sumner Slichter and Emil Lederer: Central Visions Compared," MPRA Paper 74481, University Library of Munich, Germany.
    2. Theofanis Papageorgiou & Ioannis Katselidis & Panayotis G. Michaelides, 2013. "Schumpeter, Commons, and Veblen on Institutions," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1232-1254, November.
    3. Panayotis G. Michaelides & John G. Milios & Angelos Vouldis & Spyros Lapatsioras, 2010. "Heterodox influences on Schumpeter," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 37(3), pages 197-213, February.
    4. Dieter Bögenhold, 2018. "Schumpeter’s Split Between “Pure” Economics and Institutional Economics: Why Methodological Individualism Was Not Fully Considered," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 24(3), pages 253-264, August.
    5. Panayotis Michaelides & John Milios & Angelos Vouldis & Spyros Lapatsioras, 2010. "Emil Lederer and Joseph Schumpeter on Economic Growth, Technology and Business Cycles," Forum for Social Economics, Taylor & Francis Journals, vol. 39(2), pages 171-189, January.
    6. Ioannis Katselidis & Angelos Vouldis & Panayotis G. Michaelides, 2011. "Sumner Slichter and Emil Lederer on technological unemployment," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(6), pages 537-556, May.
    7. Heinz Kurz, 2012. "Schumpeter’s new combinations," Journal of Evolutionary Economics, Springer, vol. 22(5), pages 871-899, November.
    8. Marek Loužek, 2015. "150 let od narození Maxe Webera [150 years since the birth of Max Weber]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(2), pages 258-274.
    9. Ferlito, Carmelo, 2015. "Entrepreneurship: State of grace or human action?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(1-2), pages 11-36.
    10. Michaelides, Panayotis G. & Theologou, Kostas, 2009. "Joseph Schumpeter and Gabriel Tarde on Technological Change and Social Evolution," MPRA Paper 67189, University Library of Munich, Germany.
    11. Ferlito, Carmelo, 2015. "Entrepreneurship: State of grace or human action? Schumpeter’s leadership vs Kirzner’s alertness," MPRA Paper 67694, University Library of Munich, Germany.

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