umner Slichter was “perhaps the most influential industrial economist in America”, while Emil Lederer was “the leading academic socialist of Germany in the 1920’s”. However, most aspects of their works remain unexplored. This paper analyzes Lederer’s and Slichter’s central theses....

Most business decisions depend on accurate approximations to the cost and production functions. Traditionally, the estimation of cost and production functions in economics relies on standard specifications which are less than satisfactory in numerous situations. However, instead of fitting the...

Emil Lederer was characterized as the “leading academic socialist of Germany in the 1920’s” by Joseph Schumpeter and was a highly respected economist of his time. However, most aspects of his work remain totally unexplored. This paper focuses on Emil Lederer’s theory of economic...

The paper compares Joseph Schumpeter, Emil Lederer and Rudolf Hilferding with respect to their visions concerning economic development, technology, credit and business cycles. Their theoretical investigations, in a great number of thematic areas and concepts, seem to converge significantly. For...

It is the purpose of the present paper to compare Emil Lederer and Joseph Schumpeter with respect to their visions concerning the notions of economic growth, technology, credit and business cycles. Lederer, just like Schumpeter, used the distinction between statics and dynamics. Also, according...

This essay argues that Emil Lederer formulated his research agenda and his main theses in close theoretical contact with the conceptual framework of other schools of thought, as represented by major scholars such as Joseph Schumpeter, Rudolf Hilferding and Mikhail Ivanovich Tugan-Baranowsky. The...

Purpose – Joseph Alois Schumpeter's ideas are in the discussion agenda of various economists working in different theoretical traditions. However, several aspects of his work remain unexplored. In particular, the origin of his ideas in the context of the then prevalent economic theories of the...