IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v20y2007i2p155-170.html
   My bibliography  Save this article

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

Author

Listed:
  • 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

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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11138-007-0013-5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11138-007-0013-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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.
    2. Jan Fagerberg & Bart Verspagen & G. N. von Tunzelmann (ed.), 1994. "The Dynamics Of Technology, Trade And Growth," Books, Edward Elgar Publishing, number 163.
    3. 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.
    4. 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.
    5. Meir Kohn, 2004. "Value and Exchange," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 303-339, Fall.
    6. Erik S. Reinert (ed.), 2004. "Globalization, Economic Development and Inequality," Books, Edward Elgar Publishing, number 1570.
    7. 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.
    8. Richard Nelson, 2008. "Economic Development from the Perspective of Evolutionary Economic Theory," Oxford Development Studies, Taylor & Francis Journals, vol. 36(1), pages 9-21.
    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. 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, November.
    11. Carlota Perez, 2002. "Technological Revolutions and Financial Capital," Books, Edward Elgar Publishing, number 2640.
    12. 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.
    13. 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.
    14. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Reinert, Erik S., 2004. "How rich nations got rich. Essays in the history of economic policy," MPRA Paper 48147, University Library of Munich, Germany.
    2. Erik S. Reinert, 2009. "The Terrible Simplifers: Common Origins of Financial Crises and Persistent Poverty in Economic Theory and the new ‘1848 Moment’," Working Papers 88, United Nations, Department of Economics and Social Affairs.
    3. Andre Nassif & Carmem Aparecida Feijo & Eliane Araújo, 2016. "Structural change, catching up and falling behind in the BRICS: A comparative analysis based on trade pattern and Thirlwall’s Law," PSL Quarterly Review, Economia civile, vol. 69(279), pages 373-421.
    4. Bajmócy, Zoltán & Vas, Zsófia, 2012. "Az innovációs rendszerek 25 éve. Szakirodalmi áttekintés evolúciós közgazdaságtani megközelítésben [25 years of innovation systems. A literature review from the angle of evolutionary economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1233-1256.
    5. Filippetti, Andrea & Archibugi, Daniele, 2010. "Innovation in Times of Crisis: The Uneven Effects of the Economic Downturn across Europe," MPRA Paper 22084, University Library of Munich, Germany.
    6. Havas, Attila, 2016. "Recent economic theorising on innovation: Lessons for analysing social innovation," MPRA Paper 77385, University Library of Munich, Germany.
    7. Erik S. Reinert, 2006. "Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’," Working Papers 14, United Nations, Department of Economics and Social Affairs.
    8. Dosi, Giovanni & Nelson, Richard R., 2010. "Technical Change and Industrial Dynamics as Evolutionary Processes," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 51-127, Elsevier.
    9. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
    10. Pérez, Carlota, 2001. "Technological change and opportunities for development as a moving target," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    11. Verónica Robert & Gabriel Yoguel & Octavio Lerena, 2017. "The ontology of complexity and the neo-Schumpeterian evolutionary theory of economic change," Journal of Evolutionary Economics, Springer, vol. 27(4), pages 761-793, September.
    12. Aouatif El Fakir, 2010. "The State Role in Industries Development: Technological bias, Institutional Learning and Selective Policies [Le rôle de l'Etat dans l'industrialisation : biais technologique, apprentissage institut," Working Papers hal-01511778, HAL.
    13. Rajah Rasiah & Johannes Dragsbaek Schmidt, 2010. "Introduction," Chapters, in: Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), The New Political Economy of Southeast Asia, chapter 1, Edward Elgar Publishing.
    14. Erik S. Reinert, 2006. "Institutionalism Ancient, Old and New: A Historical Perspective on Institutions and Uneven Development," WIDER Working Paper Series RP2006-77, World Institute for Development Economic Research (UNU-WIDER).
    15. Filippetti, Andrea & Archibugi, Daniele, 2011. "Innovation in times of crisis: National Systems of Innovation, structure, and demand," Research Policy, Elsevier, vol. 40(2), pages 179-192, March.
    16. Kuc‑Czarnecka, Marta & Saltelli, Andrea & Olczyk, Magdalena & Reinert, Erik, 2021. "The opening of Central and Eastern European countries to free trade: A critical assessment," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 23-34.
    17. Randall Holcombe, 2006. "Does the invisible hand hold or lead? Market adjustment in an entrepreneurial economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(2), pages 189-201, June.
    18. Alessandro Muscio, 2007. "THE IMPACT OF ABSORPTIVE CAPACITY ON SMEs' COLLABORATION," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 16(8), pages 653-668.
    19. Maxim Kotsemir & Alexander Abroskin & Dirk Meissner, 2013. "Innovation concepts and typology – an evolutionary discussion," HSE Working papers WP BRP 05/STI/2013, National Research University Higher School of Economics.
    20. Vialle, Pierre & Song, Junjie & Zhang, Jian, 2012. "Competing with dominant global standards in a catching-up context. The case of mobile standards in China," Telecommunications Policy, Elsevier, vol. 36(10), pages 832-846.

    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

    Statistics

    Access and download statistics

    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:kap:revaec:v:20:y:2007:i:2:p:155-170. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.