Quantcast
Channel: non.copyriot.com
Viewing all articles
Browse latest Browse all 3108

Schumpeter and Lederer on Growth, Technology, Credit and Business Cycles

$
0
0

Panayotis G. Michaelides, John G. Milios and Angelos Vouldi
It is the purpose of the present paper to compare Emil Lederer and Joseph Schumpeter withrespect to their visions concerning the notions of economic growth, technology, credit and business cycles. Lederer, just like Schumpeter, used the distinction between statics and dynamics. Also, according to Lederer, technical progress leads to economic growth and is necessarily linked to fluctuations, an insight that we have already encountered in Schumpeter. They both emphasized the role of credit expansion andlinked it with innovation. The endogenous character of economic fluctuations is another common point between the two great theoreticians. Moreover, the roots of some of Schumpeter’s and Lederer’s commonviews are traced back to Rudolf Hilferding and Mikhail Ivanovich Tugan-Baranowsky. Our analysis shows that despite the fact that the two economists are traditionally classified in different schools of thought, their theoretical investigations in a great number of thematic areas seem to converge to similar views since they developed certain of their theories in the same social, political, theoretical and ideological environment and were well acquainted with each other’s ideas. We may conclude, therefore, that the similarities of certain Schumpeterian elaborations with theoretical theses and analyses delivered by Emil Lederer are not accidental, but the outcome of this long interaction between them and other leading economists of that period like Rudolf Hilferding and Tugan-Baranowsky.
pdf here
Foto:Bernhard Weber

Viewing all articles
Browse latest Browse all 3108

Trending Articles


tagalog love Quotes – Tiwala Quotes


Pokemon para colorear


Sapos para colorear


Problema Quotes – Pera Quotes


Tagalog Quotes About Crush – Tagalog Love Quotes


Long Distance Relationship Tagalog Love Quotes


Ligaw Quotes – Courting Quotes – Sweet Tagalog Quotes


INUMAN QUOTES


Re:Mutton Pies (lleechef)


EASY COME, EASY GO


FORECLOSURE OF REAL ESTATE MORTGAGE


Girasoles para colorear


mayabang Quotes, Torpe Quotes, tanga Quotes


Tagalog Love Quotes – Nagmamahal


Break up Quotes Tagalog Love Quote – Broken Hearted Quotes Tagalog


Two timer Sad tagalog Love quotes


5 Tagalog Relationship Rules


Best Love Life Quotes Collection


Vimeo 10.7.0 by Vimeo.com, Inc.


Vimeo 10.7.1 by Vimeo.com, Inc.