The incomplete Schumpeter Stockholm School connection
2015 (English)In: Journal of evolutionary economics, ISSN 0936-9937, E-ISSN 1432-1386, Vol. 25, no 1, 45-56 p.Article in journal (Refereed) Published
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.
Place, publisher, year, edition, pages
2015. Vol. 25, no 1, 45-56 p.
Economic coordination, Economic mistakes, Evolutionary economics, Ex ante/Ex post, Experimentally organized economy, Ignorance, Information economics, Micro based macro modeling
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-166363DOI: 10.1007/s00191-014-0372-6ISI: 000352682500005OAI: oai:DiVA.org:kth-166363DiVA: diva2:810596
QC 201505072015-05-072015-05-072015-05-07Bibliographically approved