Economic Review, Vol. 51 No. 9-10, 2000.
Original scientific paper
SCHUMPETER’ S CONCEPT OF HISTORY OF ECONOMIC ANALYSIS AND MODERN METHODOLOGY OF ECONOMY
Đuro Š. Medić
Abstract
The author points that there are different concepts of history of economy as a science in economic literature. He demonstrates it by giving a review of different book titles from the field of history of economy. After that the author considers Schumpeters’s concept of economy as a science as well as his concept of the history of economy. Both of these concepts were explained in Schumpeter’s book History of Economic Analysis (1954). The author of the paper describes their essential charactheristics and specialities. He argues that Schumpeter, first, reduces economy (as a science) to the economics and then - the history of economy to the history of economic analysis. Schumpeter did that in a very special and interesting way; however, he remains within positivism and the neoclassical school. Such approach does not generate holistic framework, but a partial, reduced and old-fashioned picture of economy. One to this ond other reasons Schumpeter’s book History of Economic Analysis is not adequate text-book of history of economy. It could be used only as one of the study guides to history of economic analysis. At the end of the paper the author compares the Schumpeter’s concept of economy, on the one side, and modern methodology, on the other side.
Keywords
Hrčak ID:
28958
URI
Publication date:
15.10.2000.
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