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The Baltic Exchange: Mutual Influences between Economists in the German and Swedish Language Areas

Author

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  • Sandelin, Bo

    () (Department of Economics, School of Business, Economics and Law, Göteborg University)

  • Trautwein, Hans-Michael

    () (Carl von Ossietzky Universität Oldenburg)

Abstract

In the 19th and 20th centuries economists of the German and Swedish language areas strongly influenced each other and made significant contributions to the development and critique of neoclassical economics. In our paper, we focus on the prominent contributions of Wicksell, Cassel, Hayek and Myrdal, but consider also others, such as Lutz, Neisser, Palander and Schneider. It might look far fetched to describe their interaction as a “Baltic exchange”, since (for example) Vienna is not part of that region. But history and geographical proximity made German the scientific language for Scandinavian academics in the 19th century, helping Swedish economists to spread their ideas widely on the Continent, before they made an impact in the English language area. Much of the interaction happened indeed close to the Baltic Sea. In the paper we discuss the German influence on Swedish economics that occurred mainly before the First World War, and the Swedish influence on German economics, mainly thereafter. We provide biographical, bibliographical and textual evidence for an exchange of ideas that has stimulated the development of economics far beyond the Baltic Sea.

Suggested Citation

  • Sandelin, Bo & Trautwein, Hans-Michael, 2008. "The Baltic Exchange: Mutual Influences between Economists in the German and Swedish Language Areas," Working Papers in Economics 288, University of Gothenburg, Department of Economics.
  • Handle: RePEc:hhs:gunwpe:0288
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    File URL: http://hdl.handle.net/2077/9563
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    References listed on IDEAS

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    1. Hans-Michael Trautwein, 1996. "Money, Equilibrium, and the Business Cycle: Hayek's Wicksellian Dichotomy," History of Political Economy, Duke University Press, pages 27-55.
    2. Hans-Michael Trautwein, 2003. "Neisser's Unorthodox Quantity Theory of Money," Chapters,in: Reinventing Functional Finance, chapter 4 Edward Elgar Publishing.
    3. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, December.
    4. Hagemann, Harald, 1990. "Neisser's 'the wage rate and employment in market equilibrium': an introduction," Structural Change and Economic Dynamics, Elsevier, vol. 1(1), pages 133-139, June.
    5. Mauro Boianovsky & Hans-Michael Trautwein, 2003. "Wicksell, Cassel, and the Idea of Involuntary Unemployment," History of Political Economy, Duke University Press, pages 385-436.
    6. Hagemann, Harald, 2005. "Dismissal, Expulsion, and Emigration of German-Speaking Economists after 1933," Journal of the History of Economic Thought, Cambridge University Press, pages 405-420.
    7. Bo Sandelin & Ann Veiderpass, 1996. "The Dissolution of the Swedish Tradition," History of Political Economy, Duke University Press, pages 142-164.
    8. Boianovsky, Mauro & Trautwein, Hans-Michael, 2001. "Wicksell's lecture notes on economic crises (1902/05)," Structural Change and Economic Dynamics, Elsevier, vol. 12(3), pages 343-366, September.
    9. Bo Sandelin & Sinimarria Ranki, 1997. "Internationalization or Americanization of Swedish economics?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, pages 284-298.
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    More about this item

    Keywords

    Germany; Sweden; influence; history of economic thought;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General

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