NDLI: The beat of the economic heart : Joseph Schumpeter and Arthur Spiethoff on business cycles

Content Provider	Springer Nature Link
Author	Kurz, Heinz D.
Copyright Year	2013
Abstract	The paper discusses the silimar, but in some respects different explanations of business cycles by Schumpeter and Arthur Spiethoff, his elderly friend and colleague. Spiethoff brought Schumpeter back into academics after the latter’s not very successful careers as a politician and a banker. Both insisted that cycles are endogenous and cannot possibly be eliminated without eliminating the dynamismof the capitalist economy. They thought that theoretical and historical studies were not mutually exclusive, but complementary. The gulf separating pure theory and historical studies since the so-called Methodenstreit was detrimental to the development of economics.
Starting Page	147
Ending Page	162
Page Count	16
File Format	PDF
ISSN	09369937
Journal	Journal of Evolutionary Economics
Volume Number	25
Issue Number	1
e-ISSN	14321386
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2013-09-29
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Business cycle Creative destruction Economic development Economic dynamics Innovation Historical School Schumpeter, Joseph Spiethoff, Arthur Economic Theory Evolutionary Economics Microeconomics Economic Growth R & D/Technology Policy Entrepreneurship
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics Business, Management and Accounting

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The beat of the economic heart : Joseph Schumpeter and Arthur Spiethoff on business cycles