Based on Meir Kohn’s distinction between research programmes based on ‘value’ and ‘exchange’ (2004), this paper argues for a ‘production’ paradigm based on the tradition of Menger and Schumpeter. It is suggested that this production-based programme could use, as its starting point,...

The publication of Schumpeter's "lost" seventh chapter--with the holistic and Faustian title "The economy as a whole", so typical of the German economic tradition--again raises the question of the ''duality'' in Schumpeter's economic thinking: On the one hand Schumpeter's typical ''Germanic''...

An important problem facing the standard economic theory of today, is that the countries which grew rich did so in the wrong way. In the neo-classical world, additional created wealth is supposed to spread through lowered prices. In a world with perfect information and no economies of scale,...

In economic theory there are three main developments which we find are of potential importance to development geography: First of all, the mainstream neo-classical paradigm is being challenged from a growing school under the heading of 'Evolutionary' or 'Schumpeterian' economics, with roots in...

The aim of this paper is to show that the dynamics of Schumpeterian economics, in addition to explain the creation of wealth, also implicitly contain the elements of a theory of relative poverty. It is argued that the German tradition of economics, of which Schumpeter is a part, has always...

Service- eller tjenestesektoren beskjeftiger idag størstedelen av befolkningen både i alle industriland og i de fleste 'gamle' utviklingsland . I Norge arbeider 71 % av alle sysselsatte i tjenestesektoren i videste forstand - 42 % i privat tjenestesektor og 29 % i staten. Hvorfor, spørres det...

We argue that the process of European economic integration has made a qualitative shift: from a Listian symmetrical economic integration to an integrative and asymmetrical integration. This shift started in the early 1990s with the integration of the former Soviet economies into the economies of...

In this essay we aim to show, first, how the classical development economics, that of Ragnar Nurkse's (1907-1957) generation, epitomized the best development practices of the past 500 years and crafted them into what Krugman rightly calls high development theory. It is not a coincidence that the...