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

Angelos Vouldis, Panayotis Michaelides and John Milios

Review of Political Economy, 2011, vol. 23, issue 3, 439-460

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.

Date: 2011
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Working Paper: Emil Lederer and the Schumpeter, Hilferding, Tugan-Baranowsky Nexus (2007)
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DOI: 10.1080/09538259.2011.583835

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