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...

The pre-war approaches to trade unions were mainly based on the theoretical and methodological viewpoints of early institutional economics. Trade unions were conceived of as politico-economic organizations whose members were motivated by relative comparisons and also were concerned with issues...

The significant role of institutional and non-market factors in the functioning of an economic system was a core theme of the old institutional economists. They also criticised the narrow conception of economic welfare only in terms of efficiency and satisfaction of consumer interests. Instead,...

Although most of the marginalist economists’ methodology was influenced by 19th century classical physics, the work of second generation marginalist Francis Ysidro Edgeworth represents the highest point of classical physics influence to the development of mainstream economic methodology....

Psychological ideas had always played a role on the formation of economic thought as can be seen in the works of many influential pre-classical and classical authors. Up to the beginning of the 20th century, there was almost no methodological objection regarding the incorporation of ideas from...