Towards an Austro–German theory of uneven economic development? A plea for theorising by inclusion

Erik Reinert ()

The Review of Austrian Economics, 2007, vol. 20, issue 2, pages 155-170

Abstract: Based on Meir Kohn’s distinction between research programmes based on ‘value’ and ‘exchange’ (2004), this paper argues for a ‘production’ paradigm based on the tradition of Menger and Schumpeter. It is suggested that this production-based programme could use, as its starting point, Schumpeter’s (Wesen und Hauptinhalt der theoretischen Nationalökonomie, 1908) attempt to mediate in the Methodenstreit by arguing that different types of economic problems require theories at different levels of abstraction. This opens up for ‘theorising by inclusion’, an approach combining key elements both of traditional German economics and of Austrian economics in the Mengerian tradition. Copyright Springer Science+Business Media, LLC 2007

Keywords: Uneven economic development; Mengerian–Schumpeterian economics; Production-based economics; B4; B5; O1 (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)

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