Abstract: Drawing on McCraw's (2007) biography, this paper assesses the character of Joseph Schumpeter. After a biographical summary of Schumpeter's life and career as an economist, the paper considers a thread of deliberate posturing and pretense in Schumpeter's grandiose ambitions and claims...

Portuguese Abstract: Discuto neste artigo a concepção de racionalidade de Herbert A. Simon em duas de suas principais definições gerais: a racionalidade limitada e a racionalidade procedimental. Argumento que a segunda é a que melhor sintetiza a visão do autor sobre o comportamento...

This paper provides a multifaceted review and analysis of the Schumpeter's Theory of Economic Development and specifically the creative destruction effect intertwined with the business cycles, and their effectiveness in explaining the long-run economic growth by first, looking into the main...

Aus Anlass der Wiederveröffentlichung des Sonderhefts "Georg Friedrich Knapp - ein literarisches Bildnis" im Wirtschaftsdienst zum 80. Geburtstag von Knapp vor genau 100 Jahren wird der Versuch unternommen, Person und Werk des Wissenschaftlers aus heutiger Sicht zu würdigen und die aktuelle...

This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann's idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...

Since the death of Hyman Minsky in 1996, much has been written about financialization. This paper explores the issues that Minsky examined in the last decade of his life and considers their relationship to that financialization literature. Part I addresses Minsky’s penetrating observations...

One of the keys to Max Weber's social economics is the evolution of institutional arrangements. In the first part, I show that Weber can be interpreted as an institutional economist. In the second part, I reconstruct the most important features of Max Weber's institutionalism, namely the...

This paper takes off from Jan Kregel's paper "Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?" (1986), which aimed to remedy shortcomings in most expositions of the "circuit approach." While some "circuitistes" have rejected John Maynard Keynes's liquidity preference theory,...

Henry Hazlitt was a unique public intellectual, who strove to not only to enlighten the general public with his writings, speeches, and appearances on TV and radio, but sought to contribute to the specialized disciplines of economics and philosophy. The evidence supporting my conjecture that...

This paper takes off from Jan Kregel’s paper “Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?” (1986), which aimed to remedy shortcomings in most expositions of the “circuit approach.” While some “circuitistes” have rejected John Maynard Keynes’s liquidity...