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

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  • Erik Reinert

Abstract

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

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  • 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

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    1. Erik Reinert & Arno Daastøl, 1997. "Exploring the Genesis of Economic Innovations: The Religious Gestalt-Switch and the Duty to Invent as Preconditions for Economic Growth," European Journal of Law and Economics, Springer, vol. 4(2), pages 233-283, May.
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    3. Meir Kohn, 2004. "Value and Exchange," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 303-339, Fall.
    4. Erik S. Reinert (ed.), 2004. "Globalization, Economic Development and Inequality," Books, Edward Elgar Publishing, number 1570, December.
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    7. Frank D. Graham, 1923. "Some Aspects of Protection Further Considered," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 37(2), pages 199-227.
    8. Hugo Reinert & Erik S. Reinert, 2006. "Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter," The European Heritage in Economics and the Social Sciences, in: Jürgen G. Backhaus & Wolfgang Drechsler (ed.), Friedrich Nietzsche (1844–1900), chapter 4, pages 55-85, Springer.
    9. 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.
    10. José Antonio Ocampo & María Angela Parra, 2004. "The commodity terms of trade and their strategic implications for development," International Trade 0403001, University Library of Munich, Germany.
    11. Marcel A. G. Meerhaeghe, 2006. "Nietzsche and Economics," The European Heritage in Economics and the Social Sciences, in: Jürgen G. Backhaus & Wolfgang Drechsler (ed.), Friedrich Nietzsche (1844–1900), chapter 3, pages 39-53, Springer.
    12. Giovanni Dosi & Christopher Freeman & Richard Nelson & Gerarld Silverberg & Luc Soete (ed.), 1988. "Technical Change and Economic Theory," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1988, April.
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    More about this item

    Keywords

    Uneven economic development; Mengerian–Schumpeterian economics; Production-based economics; B4; B5; O1;
    All these keywords.

    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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