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Schumpeter and the `Schmollerprogramm': integrating theory and history in the analysis of economic development

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  • Alexander Ebner

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    (Fachbereich Wirtschaftswissenschaften, Johann Wolfgang Goethe-Universit, t, Postfach 11 19 32, Fach 62, D-60054 Frankfurt a.M., Germany)

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    Abstract

    This essay addresses the historical and institutional aspects of Schumpeter's thought. It suggests that Schumpeter prepared a pluralist research agenda, formulated in accordance with the conceptual perspective of the German Historical School, as presented by major scholars such as Schmoller, Sombart, Spiethoff and Max Weber. Schumpeter's notion of development, with its emphasis on the correspondence of economic and socio-cultural evolution, is therefore to be viewed in the context of the comprehensive Schmollerian approach. Moreover the ethical-evolutionary components of Schmoller's ideas point at the vital role of the German Historical School in the elaboration of a modern evolutionary economics in Schumpeterian terms. The essay concludes that the Schmollerprogramm is going to inspire further developments in Schumpeterian economics, as the integration of theory and history continuously marks the research agenda of evolutionary approaches to economic development.

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Evolutionary Economics.

    Volume (Year): 10 (2000)
    Issue (Month): 3 ()
    Pages: 355-372

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    Handle: RePEc:spr:joevec:v:10:y:2000:i:3:p:355-372

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    Related research

    Keywords: History of economic thought - German Historical School - Schmoller program - Schumpeter - Schumpeterian economics - Methodology - Historical theory - Economic evolution - Development;

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    Cited by:
    1. Madarász, Aladár, 2008. "Visszatérhet-e a "nagy elmélet" a közgazdaságtanban?. Megjegyzések a rendszerparadigma elmélettörténetéhez
      [Can the grand theory" return to economics?. Notes on the theoreti
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 95-106.
    2. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.

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