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Towards an Austro–German theory of uneven economic development? A plea for theorising by inclusion


  • Erik Reinert



Based on Meir Kohn’s distinction between research programmes based on ‘value’ and ‘exchange’ (2004), this paper argues for a ‘production’ paradigm based on the tradition of Menger and Schumpeter. It is suggested that this production-based programme could use, as its starting point, Schumpeter’s (Wesen und Hauptinhalt der theoretischen Nationalökonomie, 1908) attempt to mediate in the Methodenstreit by arguing that different types of economic problems require theories at different levels of abstraction. This opens up for ‘theorising by inclusion’, an approach combining key elements both of traditional German economics and of Austrian economics in the Mengerian tradition. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Erik Reinert, 2007. "Towards an Austro–German theory of uneven economic development? A plea for theorising by inclusion," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(2), pages 155-170, September.
  • Handle: RePEc:kap:revaec:v:20:y:2007:i:2:p:155-170
    DOI: 10.1007/s11138-007-0013-5

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    References listed on IDEAS

    1. Meir Kohn, 2004. "Value and Exchange," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 303-339, Fall.
    2. Erik S. Reinert (ed.), 2004. "Globalization, Economic Development and Inequality," Books, Edward Elgar Publishing, number 1570.
    3. Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
    4. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    5. José Antonio Ocampo & María Angela Parra, 2004. "The commodity terms of trade and their strategic implications for development," International Trade 0403001, EconWPA.
    6. repec:cto:journl:v:24:y:2004:i:3:p: is not listed on IDEAS
    7. Lundvall, Bengt-Ake & Johnson, Bjorn & Andersen, Esben Sloth & Dalum, Bent, 2002. "National systems of production, innovation and competence building," Research Policy, Elsevier, vol. 31(2), pages 213-231, February.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Uneven economic development; Mengerian–Schumpeterian economics; Production-based economics; B4; B5; O1;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • A - General Economics and Teaching


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