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Eduard März and Joseph Schumpeter

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  • Kurt Rothschild

Abstract

The paper starts off with a portrayal of Eduard März’ life in Vienna and of the impact that environment had on his early scientific work. The paper proposes that the shared experience had a strong bearing on the relationship between the student M¨arz, “that fascinating immigrant” (James Tobin), and his teacher Schumpeter, the “high priest of his science” (M¨arz). The paper highlights the various facets of this unique relationship including the interesting differences in the interpretations of the student and his teacher regards Marxian theory, Austro-Marxism and social policy. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Kurt Rothschild, 2015. "Eduard März and Joseph Schumpeter," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 229-237, January.
    • Handle: RePEc:spr:joevec:v:25:y:2015:i:1:p:229-237
    DOI: 10.1007/s00191-014-0364-6
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    References listed on IDEAS

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    1. Paul A. Samuelson, 1988. "In the Beginning," Challenge, Taylor & Francis Journals, vol. 31(4), pages 32-34, July.
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    Cited by:

    1. Erwin Dekker, 2018. "Schumpeter: Theorist of the avant-garde," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(2), pages 177-194, June.

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    More about this item

    Keywords

    Eduard März; Joseph A. Schumpeter; Schumpeterian economics; Austrian economics; Marxist theory; Austro-Marxism; Social policy; A13; B13; B14; B25; J08;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

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