Purpose – This paper aims to analyze Emil Lederer's and Sumner Slichter's theses on the concept of technological unemployment. Design/methodology/approach – Given the presence of core elements of both economists' visions in the famous Debate on Technological Unemployment (1928-1933), it is...

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...