The incomplete Schumpeter Stockholm School connection

Eliasson, Gunnar
January 2015
Journal of Evolutionary Economics;Jan2015, Vol. 25 Issue 1, p45
Academic Journal
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 () 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.


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