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Emil Lederer and the Schumpeter-Hilferding-Tugan-Baranowsky Nexus

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  • Angelos Vouldis
  • Panayotis Michaelides
  • John Milios

Abstract

This paper focuses on the thinking of Emil Lederer, one of the leading academic socialists of Germany in the 1920s. Lederer's views on economic development, technical change, credit and business cycles are compared to those of Schumpeter. The paper traces the roots of some of their ideas back to the work of two prominent Marxists, Rudolf Hilferding and Mikhail Ivanovich Tugan-Baranowsky. The paper concludes that although Lederer and Schumpeter are traditionally classified in different schools of thought, their theoretical views on many issues converge.

Suggested Citation

  • Angelos Vouldis & Panayotis Michaelides & John Milios, 2011. "Emil Lederer and the Schumpeter-Hilferding-Tugan-Baranowsky Nexus," Review of Political Economy, Taylor & Francis Journals, vol. 23(3), pages 439-460.
    • Handle: RePEc:taf:revpoe:v:23:y:2011:i:3:p:439-460
    DOI: 10.1080/09538259.2011.583835
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    References listed on IDEAS

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    1. Allgoewer, Elisabeth, 2003. "Emil Lederer: Business Cycles, Crises, and Growth," Journal of the History of Economic Thought, Cambridge University Press, vol. 25(3), pages 327-348, September.
    2. Darity, William A, Jr & Horn, Bobbie L, 1985. "Rudolf Hilferding: The Dominion of Capitalism and the Dominion of Gold," American Economic Review, American Economic Association, vol. 75(2), pages 363-368, May.
    3. Michaelides, Panayotis G. & Milios, John G., 2005. "The Influence of the German Historical School on Schumpeter," MPRA Paper 74471, University Library of Munich, Germany.
    4. Screpanti, Ernesto & Zamagni, Stefano, 2005. "An Outline of the History of Economic Thought," OUP Catalogue, Oxford University Press, edition 2, number 9780199279142.
    5. John Milios & Dimitris P. Sotiropoulos, 2009. "Capitalist Mode of Production and Monopolies," Palgrave Macmillan Books, in: Rethinking Imperialism, chapter 6, pages 112-120, Palgrave Macmillan.
    6. Vincent Barnett, 2001. "Calling up the Reserves: Keynes, Tugan-Baranovsky and Russian War Finance," Europe-Asia Studies, Taylor & Francis Journals, vol. 53(1), pages 151-169.
    7. Daniele Besomi, 2006. "'Marxism Gone Mad': Tugan-Baranovsky on crises, their possibility and their periodicity," Review of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 147-171.
    8. Colacchio, Giorgio, 2005. "On the origins of non-proportional economic dynamics: A note on Tugan-Baranowsky's traverse analysis," Structural Change and Economic Dynamics, Elsevier, vol. 16(4), pages 503-521, December.
    9. Gottfried Haberler, 1950. "Joseph Alois Schumpeter 1883–1950," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(3), pages 333-372.
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    Cited by:

    1. Panayotis Michaelides & John Milios, 2015. "The Schumpeter–Hilferding Nexus," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 133-145, January.
    2. Michaelides, Panayotis G. & Theologou, Kostas, 2009. "Joseph Schumpeter and Gabriel Tarde on Technological Change and Social Evolution," MPRA Paper 67189, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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