Routines and leadership in Schumpeter and von Mises' analysis of economic change

Agnès Festré and Nathalie Lazaric

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Abstract: The purpose of our contribution is to analyse the notion of routine as it is developed in recent economic literature in the light of two past economists, Joseph Schumpeter and Ludwig von Mises. We will focus on one peculiar feature put forward by the two Austrian economists, namely, on the distinction between adaptive / routine-minded behaviour on one side, and active / creative behaviour on the other. According to us, this feature is worth emphasizing since it permits to shed some new light on the long disputed Nelson and Winter's conception of routines. Our conjecture is that if Nelson and Winter had taken up the aforementioned distinction, they would have developed a richer view of economic behaviour and of its interweaving within the firm or the social environment.

Keywords: Routines; Schumpeter; von Mises (search for similar items in EconPapers)
Date: 2007
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00271338
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Published in F. Asso and L. Fiorito. The Conference Proceedings on "Economics and Institutions". Contributions from the history of economic thought, Franco Angeli, pp.295-316, 2007

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00271338

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