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The incomplete Schu...
The incomplete Schumpeter Stockholm School connection
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- Eliasson, Gunnar (author)
- KTH,Industriell ekonomi och organisation (Inst.)
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KTH Industriell ekonomi och organisation (Inst) (creator_code:org_t)
- 2014-07-04
- 2015
- English.
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In: Journal of evolutionary economics. - : Springer Science and Business Media LLC. - 0936-9937 .- 1432-1386. ; 25:1, s. 45-56
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- During the early post WWII years Walrasian minded static equilibrium economists managed to disconnect a promising merge of Schumpeterian and Swedish School economics, and for decades more or less block the development of evolutionary dynamics. This paper is a fresh start of what should then have been done. I link my discussion to Loasby's (1998) two forms of coordination failure of; (1) failure of economists to model the coordination of an economy "out of equilibrium" and (2) failure of economists of competing schools to understand and benefit from each other. I find that 2 may explain 1.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Keyword
- Economic coordination
- Economic mistakes
- Evolutionary economics
- Ex ante/Ex post
- Experimentally organized economy
- Ignorance
- Information economics
- Micro based macro modeling
Publication and Content Type
- ref (subject category)
- art (subject category)
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