IDEAS home Printed from https://ideas.repec.org/h/spr/spshcp/978-3-031-71511-2_20.html
   My bibliography  Save this book chapter

Halfway House, No Wicksell Equilibrium: Schumpeter and Mixed Economies

In: Waving the Swedish Flag in Economics

Author

Listed:
  • Richard Sturn

    (Karl-Franzens-University)

Abstract

Joseph Schumpeter’s provocative and ambiguous-enigmatic optimism regarding “socialist possibilities” is strongly related to his pessimistic view of the performance and the perspectives of mixed economies including the New Deal and Post-WW II “Laborism”. While Schumpeter was keenly aware of the fact that the co-evolution of state functions in the context of socio-economic development must be taken into consideration, he neglected functions which can be reconstructed along the lines of Knut Wicksell’s “Finanztheoretische Untersuchungen” (1896) and his individualist theory of the fiscal process. Instead, Schumpeter strongly relied on a one-sided politico-economic twist of the framework suggested by economic/fiscal sociology à la Rudolf Goldscheid, while drastically simplifying the functional dimensions of Goldscheid’s vision of social policy: Schumpeter reduced the “laborist” state to a redistributive agency serving the immediate interest of the working class, generating irresolvable tensions with capitalist dynamism.

Suggested Citation

  • Richard Sturn, 2025. "Halfway House, No Wicksell Equilibrium: Schumpeter and Mixed Economies," Springer Studies in the History of Economic Thought, in: Muriel Dal Pont Legrand & Harald Hagemann (ed.), Waving the Swedish Flag in Economics, pages 371-391, Springer.
    • Handle: RePEc:spr:spshcp:978-3-031-71511-2_20
    DOI: 10.1007/978-3-031-71511-2_20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spshcp:978-3-031-71511-2_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.