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Richard Abel Musgrave and Joseph Alois Schumpeter: Two intellectual authorities in economics and their shared and different frameworks, read through the lenses of the Perlman dichotomies

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  • Helge Peukert

Abstract

The paper compares R.A. Musgrave and J.A. Schumpeter and their relationship. First, their biographical and intellectual backgrounds are analyzed. Then the approach of shared intellectual frameworks according to M. Perlman’s dichotomies are applied to Musgrave’s and Schumpeter’s contributions.Musgrave was an admirer of Schumpeter but the analysis of their approaches applying the dichotomous approach and the inclusion ofMusgraves article on Schumpeter and the tax state also highlight their intellectual differences despite the fact that both had deep roots in the European tradition and a broad understanding of the social sciences, social economics and the embeddedness of the economy in the institutional-judicial nexus on the one and more individualist traditions on the other hand. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Helge Peukert, 2015. "Richard Abel Musgrave and Joseph Alois Schumpeter: Two intellectual authorities in economics and their shared and different frameworks, read through the lenses of the Perlman dichotomies," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 253-262, January.
    • Handle: RePEc:spr:joevec:v:25:y:2015:i:1:p:253-262
    DOI: 10.1007/s00191-014-0362-8
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    References listed on IDEAS

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    1. Richard A. Musgrave, 2000. "Public Finance in a Democratic Society Volume III," Books, Edward Elgar Publishing, number 1795.
    2. Erik Reinert, 2002. "Schumpeter In The Context Of Two Canons Of Economic Thought," Industry and Innovation, Taylor & Francis Journals, vol. 9(1-2), pages 23-39.
    3. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471.
    4. Ulrich Witt, 2002. "How Evolutionary Is Schumpeter'S Theory Of Economic Development?," Industry and Innovation, Taylor & Francis Journals, vol. 9(1-2), pages 7-22.
    5. Yuichi Shionoya, 2005. "The Soul of the German Historical School," The European Heritage in Economics and the Social Sciences, Springer, number 978-0-387-23085-6, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    History of economic thought; Methodology; Public finance; Tax state; B00; B20; B26; B31; B40;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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