scholarly journals Method and scope in Joseph A. Schumpeter's economics: a pluralist perspective

2021 ◽  
Vol Volume XIV Issue 1-2 (Articles) ◽  
Author(s):  
Turan Yay
Keyword(s):  
20Th Century ◽  
Economic Thought ◽  
Equilibrium Analysis ◽  
Dynamics Analysis ◽  
General Equilibrium Analysis ◽  
Fourth Section ◽  
English Only ◽  
History Of Economics ◽  
Brief Assessment ◽  
History Of

This study aims to evaluate the ideas on the scope and method of economics of Joseph Schumpeter who is one of the important economists of the 20th century. The study consists of four sections: In the first section we underline the interesting points of his life to understand the roots, background, or 'vision' of his thought system. In the second section, we will examine his methodological views that he asserted in his first (but translated into English only in 2010) book. Third section will be concerned with his 'analysis of economics' which refers to his critics of Leon Walras's general equilibrium analysis (as static) and his own alternative (dynamics analysis of capitalist economies) about the central subject matter of economics. In the fourth section we will treat his approach about the development/evolution process of economic thought in time. The study concludes with a brief assessment: Schumpeter is one of the rare economists who can build his own thought system in the history of economics, and he embraced a pluralist perspective in the field of the methodology of economics.

Tony Lawson and the history of economic thought

2020 ◽  
Vol 44 (5) ◽  
pp. 991-1011
Author(s):  
Diogo Lourenço ◽  
Mário Graça Moura
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Heterodox Economics ◽  
History Of Economics ◽  
History Of ◽  
Social Scientific ◽  
Scientific Ontology

Abstract Tony Lawson’s writings, including those in the history of economics, have an ontological orientation. Several scholars influenced by him likewise practice an ontologically oriented history of economic thought. However, the programme for this sort of history has not been explicitly articulated. In the present paper, we argue that Lawson’s The nature of heterodox economics contains implicitly an ontologically oriented programme in the history of economic thought. We also illustrate the achievements of this programme by reviewing the writings on the later Austrians by Lawson and his associates. Finally, we assess the programme and its achievements in the light of Lawson’s comments on the importance of doing social-scientific ontology and doing history of economic thought.

scholarly journals A 2x2=4 hobbyhorse: Mark Blaug on rational and historical reconstructions

2014 ◽  
Vol 6 (3) ◽  
pp. 64 ◽  
Author(s):  
Harro Maas
Keyword(s):  
World War I ◽  
Second World War ◽  
Economic Thought ◽  
Historical Reconstruction ◽  
World War ◽  
History Of Economics ◽  
History Of ◽  
Magnum Opus ◽  
Second World ◽  
Do So

Over time, Mark Blaug became increasingly sceptical of the merits of the approach to the history of economics that we find in his magnum opus, Economic theory in retrospect, first published in 1962, and increasingly leaned to favour 'historical' over 'rational' reconstructions. In this essay, I discuss Blaug's shifting historiographical position, and the changing terms of historiographical debate. I do so against the background of Blaug's personal life history and the increasingly beleaguered position the history of economic thought found itself in after the Second World War. I argue that Blaug never resolved the tensions between historical and rational reconstructions, partly because he never fleshed out a viable notion of historical reconstruction. I trace Blaug's difficulty in doing so to his firm conviction that the history of economics should speak to economists, a conviction clearly present in his 2001 essay: "No history of ideas, please, we're economists".

scholarly journals Journal of the History of Economic Thought Preprints – A Win-Win Model of Development: How Indian Economics Redefined Universal Development from and at the Margins

2020 ◽  
Author(s):  
Maria Bach
Keyword(s):  
Economic Thought ◽  
History Of Economic Thought ◽  
Economic Knowledge ◽  
Development Discourse ◽  
Discursive Space ◽  
History Of Economics ◽  
The World ◽  
Elite Status ◽  
History Of ◽  
Century Idea

In this article, I argue that looking at lesser known intellectuals can help history of economics uncover news ways of seeing the world. My focus is the beginnings of “Indian Economics” and its conceptualization of development. The Indian economists, despite their elite status in India, were from an imperial context where they were never considered economists. Studies throughout the 20th century continued to treat them only as nationalists, rarely as contributors to economic knowledge. My research gives agency to these economists. I show how the position of Indian Economics from the margins of discursive space offered a unique perspective that enabled it to discursively innovate at the margins of development discourse. Indian Economics redefined the concept of universality in the existing 19th century idea of development by rejecting the widely accepted comparative advantage model and assertion that progress originated in Europe. Moreover, the economists pushed for universal industrialization, even for imperial territories, arguing that universal progress was beneficial to all.

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