Routines and leadership in Schumpeter and von Mises' analysis of economic change
AbstractThe purpose of our contribution is to analyse the notion of routine as it is developed in recent economic literature in the light of two past economists, Joseph Schumpeter and Ludwig von Mises. We will focus on one peculiar feature put forward by the two Austrian economists, namely, on the distinction between adaptive / routine-minded behaviour on one side, and active / creative behaviour on the other. According to us, this feature is worth emphasizing since it permits to shed some new light on the long disputed Nelson and Winter's conception of routines. Our conjecture is that if Nelson and Winter had taken up the aforementioned distinction, they would have developed a richer view of economic behaviour and of its interweaving within the firm or the social environment.
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Bibliographic InfoPaper provided by HAL in its series Post-Print with number halshs-00271338.
Date of creation: 2007
Date of revision:
Publication status: Published, The Conference Proceedings on "Economics and Institutions". Contributions from the history of economic thought, Franco Angeli (Ed.), 2007, 295-316
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Routines; Schumpeter; von Mises;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-14 (All new papers)
- NEP-CBE-2008-12-14 (Cognitive & Behavioural Economics)
- NEP-HPE-2008-12-14 (History & Philosophy of Economics)
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