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''...