On the intellectual foundations of Hayek’s and Schumpeter’s economics: an appraisal

Abstract

International audienceSeveral contributions have been devoted to a comparison between the works of Joseph Schumpeter and Friedrich Hayek, both of them rooted in the Austrian tradition but they generally concerned specific aspects of their respective global contributions as, for instance, monetary theory, business cycles economic evolution or price theory. These partial comparisons may explain why some confusion is today prevailing concerning the similarities and differences between Hayekian and Schumpeterian approaches. In this paper, we adopt a different approach and try to find the basic theoretical and methodological elements which explain the fundamental compatibility of incompatibility between Hayek's and Schumpeter's respective intellectual projects. Specific aspects will not be, however, underestimated or neglected in this contribution but they will not be considered independently from these basic elements

The Method of Seeking Truth from the Facts in Marxist Philosophy

“…Adhering to the principle of seeking truth from the facts is the process of using scientific methods to discover the objective laws of things; carrying out the principle of seeking truth from the facts is also the process of combining theory with practice. It is very difficult to adhere to or carry out the principle of seeking truth from the facts [7]. Therefore, the main content of the ideological line of seeking truth from the facts is to proceed from reality, integrate theory with practice, and insist that practice is the only standard to test truth [7].…”

“…It is very difficult to adhere to or carry out the principle of seeking truth from the facts [7]. Therefore, the main content of the ideological line of seeking truth from the facts is to proceed from reality, integrate theory with practice, and insist that practice is the only standard to test truth [7].…”