The business function in Schumpeter and Lachmann: a possible dialogue?
Keywords:
Entrepreneur, Innovations, Disequilibrium, Expectations, Capital structureAbstract
The present paper aims to investigate points of contact and divergence about the role of the entrepreneurial function for Schumpeter and Lachmann, a German-born Austrian economist, influenced by the post-Keynesian view of expectations. Despite belonging to different generations and economic currents, the paper shows that their points of contact are significant, demonstrating that for both authors entrepreneurial action is founded upon expectations and has a disequilibrating character, which is fundamental for the development of capitalism. Combining both authors’ perspectives allow for a richer and more comprehensive view of this process.
References
ANDERSON, B. M. Schumpeter’s Dynamic Economics. Political Science Quarterly, v. 30, n. 4, p. 645–660, 1915.
ANJOS, R. C. Lachmann e a teoria do processo de mercado: entre o pensamento austríaco e o pós-keynesiano. 2015. Unesp, Araraquara, 2015. Disponível em: https://repositorio.unesp.br/bitstream/handle/11449/136104/000858347.pdf?sequence=1. Acesso em: 16 ago. 2021.
ARENA, R. Schumpeter on Walras. In: ARENA, R.; DANGEL-HAGNAUER, C. The Contribution of Joseph A. Schumpeter to Economics. London: Routledge, 2005.
BARBIERI, F. O processo de mercado na escola austríaca moderna. 2001. Universidade de São Paulo, São Paulo, 2001. Disponível em: http://www.teses.usp.br/teses/disponiveis/12/12138/tde-20102001-144955/publico/Fabio_Barbieri.pdf. Acesso em: 16 ago. 2021.
BARBIERI, F.; FEIJÓ, R. L. C. Metodologia do pensamento econômico: o modo de fazer ciência dos economistas. São Paulo: Atlas, 2013.
BÖHM-BAWERK, E. von. Teoria positiva do capital. São Paulo: Nova Cultural, v. 1, 1986.
CARLIN, E. Schumpeter’s constructed type—the entrepreneur. Kyklos, v. 9, n. 1, p. 27–43, 1956.
DAHMÉN, E. Schumpeterian dynamics: Some methodological notes. Journal of Economic Behavior & Organization, v. 5, n. 1, p. 25–34, 1984.
ENDRES, A. M.; HARPER, D. A. ‘Wresting meaning from the market’: a reassessment of Ludwig Lachmann’s entrepreneur. Journal of Institutional Economics, v. 9, n. 3, p. 303–328, 2013.
FAUCCI, R.; RODEZNO, V. Did Schumpeter Change His Mind? Notes on Max Weber’s Influence on Schumpeter. History of economic ideas, v. 6, n. 1, p. 27–54, 1998. Disponível em: https://www.jstor.org/stable/23722383?seq=1#metadata_info_tab_contents. Acesso em: 16 ago. 2021.
FRANSMAN, M. Lachmann and Schumpeter: Some Reflections. In: Including a Symposium on Ludwig Lachmann, Bingley. Anais... In: (Research in the History of Economic Thought and Methodology. Bingley: Emerald Publishing Limited, 2019. Disponível em: https://www.emerald.com/insight/content/doi/10.1108/S0743-41542019000037B006/full/html. Acesso em: 16 ago. 2021.
GLORIA, S. From Methodological Individualism to Complexity: The Case of Ludwig Lachmann. Review of Political Economy, v. 31, n. 2, p. 216–232, 2019.
GRINDER, W. E. In pursuit of the subjective paradigm. In: GRINDER, W. E. Capital, Expectations, and the Market Process: Essays on the Theory of the Market Economy. Menlo Park: Institute for Humane Studies, 1977. 1977p. 3–24.
HORWITZ, S. Ludwig Lachmann as a Theorist of Entrepreneurship. Studies in Logic, Grammar and Rhetoric, v. 57, n. 1, 2019.
LACHMANN, L. M. The role of expectations in economics as a social science. Economica, v. 10, n. 37, p. 12–23, 1943.
LACHMANN, L. M. Complementarity and Substitution in the Theory of Capital. Economica, v. 14, n. 54, p. 108–119, 1947.
LACHMANN, L. M. Investment repercussions. The Quarterly Journal of Economics, v. 62, n. 5, p. 698–713, 1948.
LACHMANN, L. M. From Mises to Shackle: an essay on Austrian economics and the kaleidic society. Journal of Economic Literature, v. 14, n. 1, p. 54–62, 1976.
LACHMANN, L. M. Capital and its Structure. Kansas City: Sheed Andrews and McMeel, 1978.
LACHMANN, L. M. Reflections on Hayekian Capital Theory. In: LAVOIE, D. (Ed.). Expectations and the meaning of institutions: Essays in economics by Ludwig M. Lachmann. London: Routledge, 2005a.
LACHMANN, L. M. Vicissitudes of Subjectivism and The Dilemma of The Theory of Choice. In: LAVOIE, D. (Ed.). Expectations and the meaning of institutions: Essays in economics by Ludwig M. Lachmann. London: Routledge, 2005b.
LACHMANN, L. M. Investment Repercussions. In: LAVOIE, D. (Ed.). Expectations and the meaning of institutions: Essays in economics by Ludwig M. Lachmann. London: Routledge, 2005c.
LACHMANN, L. M. The Legacy of Max Weber. Berkeley: The Glendessary Press, 2007.
LAVOIE, D. Introduction: Expectations and the meaning of institutions. In: LAVOIE, D. (Ed.). Expectations and the meaning of institutions: Essays in economics by Ludwig M. Lachmann. London: Routledge, 2005.
LEWIN, P. Time, change and complexity: Ludwig M. Lachmann’s contributions to the theory of capital. Advances in Austrian Economics, v. 3, 1996. Disponível em: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.22.2138&rep=rep1&type=pdf. Acesso em: 16 ago. 2021.
LEWIN, P. Capital in disequilibrium: The role of capital in a changing world. London: Routledge, 2011.
MACDONALD, R. Schumpeter and Max Weber–central visions and social theories. The quarterly journal of economics, v. 79, n. 3, p. 373–396, 1965. Disponível em: https://www.jstor.org/stable/pdf/1882704.pdf?casa_token=t-dCy32E37kAAAAA:4nwfTjmomsa4D5f13n_e5iLC01KYPwYGE5gnXzo_mt0v4ECvOl0ObpFxqAIvJgfu48rI2XrgSoYmEiGBrWgW5T99tcJZlie2DWxlHBm_N4PehlBsD2ts4w. Acesso em: 16 ago. 2021.
MACHLUP, F. Schumpeter’s Economic Methodology. The Review of Economics and Statistics, v. 33, n. 2, p. 145–151, 1951.
MARTES, A. C. B. Weber e Schumpeter: a ação econômica do empreendedor. Brazilian Journal of Political Economy, v. 30, n. 2, p. 254–270, 2010.
MARX, K.; ENGELS, F. Manifesto do Partido Comunista. São Paulo: Expressão Popular, 2008.
ROBBINS, L. Um ensaio sobre a natureza e a importância da ciência econômica. São Paulo: Saraiva, 2012.
SANTARELLI, E.; PESCIARELLI, E. The emergence of a vision: The development of Schumpeter’s theory of entrepreneurship. History of Political Economy, v. 22, n. 4, p. 677–696, 1990.
SCHUMPETER, J. Capitalismo, Socialismo e Democracia. Rio de Janeiro: Fundo de Cultura, 1961.
SCHUMPETER, J. A instabilidade do capitalismo. In: IPEA. Clássicos de Literatura Econômica: textos selecionados de macroeconomia. 3. ed. Brasília-DF: IPEA, 2010a.
SCHUMPETER, J. A. Business cycles. New York: McGraw-Hill, 1939. v. 1
SCHUMPETER, J. A. The creative response in economic history. The journal of economic history, v. 7, n. 2, p. 149–159, 1947.
SCHUMPETER, J. A. Preface to Japanese edition of Theorie der wirtschaftlichen Entwicklung. In: In: CLEMENCE, R. V. (Ed.) Essays of JA Schumpeter. Cambridge: Addison-Wesley Press, 1951.
SCHUMPETER, J. A. History of economic analysis. New York: Oxford University Press, 1963.
SCHUMPETER, J. A. Teoria do Desenvolvimento Econômico. São Paulo: Nova Cultural, 1997.
SCHUMPETER, J. A. The nature and essence of economic theory. London: Routledge, 2010b.
SHIONOYA, Y. Instrumentalism in Schumpeter’s economic methodology. History of Political Economy, v. 22, n. 2, p. 187–222, 1990.
SWEDBERG, R. Joseph A. Schumpeter and the tradition of economic sociology. Journal of Institutional and Theoretical Economics (JITE)/Zeitschrift für die gesamte Staatswissenschaft, p. 508–524, 1989.
SWEEZY, P. M. Professor Schumpeter’s theory of innovation. The Review of Economic Statistics, v. 25, n. 1, p. 93–96, 1943. Disponível em: https://www.jstor.org/stable/pdf/1924551.pdf?casa_token=DidEQ7zlBSYAAAAA:dP3puVrzN6BVK7OM0RGfxV0gBTRp9pexsCf1Gflp3NGhBVqJwMLmE8uDShoG_CGe8NjWoCqttyKNzWKwQ9xbuCKIAFLehrNEkL0np0xKp2jXldpSPay-Tw. Acesso em: 16 ago. 2021.
WEBER, M. A objetividade do conhecimento nas Ciências Sociais. In: COHN, G. (org.). Weber. Coleção Grandes Cientistas Sociais. 7. ed. São Paulo: Ática, 2004.
WOLFSON, R. J. The economic dynamics of Joseph Schumpeter. Economic Development and Cultural Change, v. 7, n. 1, p. 31–54, 1958.
Additional Files
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Research & Debate Journal of the Postgraduate Program in Political Economy
This work is licensed under a Creative Commons Attribution 4.0 International License.
