Professor Boris Ischboldin has devoted a lifetime of productive scholarship to economic science. By virtue of his native gifts and a highly cultured background he has…
Professor Boris Ischboldin has devoted a lifetime of productive scholarship to economic science. By virtue of his native gifts and a highly cultured background he has attained to a breadth of scholarship which is reminiscent of that giant of modern economics, Joseph Schumpeter. Ischboldin's linguistic skills have enabled him to acquire an uncommon familiarity with the works of economists that is truly international in scope, and that is one factor which prompts me to compare him with Schumpeter. Among the results of his efforts are an approach to, or school of, economics which he chooses to call the School of Economic Synthesis. It involves, among other things, a synthesis of various approaches to analysing economic realities—approaches whose various practitioners often tended to regard their own as the one correct and only legitimate method. In less skillful hands, or perhaps because of less charitable hearts, diversity often resulted in a kind of tension that was not always creative, as well as a mutual exclusiveness and even scholastic in‐tolerance which put an unneeded burden on the progress of the science. With Professor Ischboldin and the co‐founder of the School of Economic Synthesis, Arthur Spiethoff, variety became instead the basis for complementary creativity! Thus, such disparate figures as David Ricardo and Wesley Mitchell, or Leon Walras and John Commons find themselves embraced into a single schema that Ischboldin calls, “a theory of economic laws and methodology”.
The New Economic Society was formed in 1973 to promote the aims of the School of Economic Synthesis. Economic synthesis, since its early formation in the 1930s, has sought to integrate historical economics with social and neo‐classical economics. As the academic movement toward economic synthesis broadened, a more formal organisation became necessary. The New Economic Society (International School of Economic Synthesis) is an interdisciplinary association open to economists and others who are interested in developing a more social and humanistic economics, and a more realistic and scientific understanding of modern developed and less developed societies. The membership includes persons from numerous academic disciplines in many countries; formal chapters of the Society exist in the United Kingdom, Germany, India and Israel. At present, the membership is developing on an informal basis and no dues are requested. Membership information may be obtained from the following persons.
The aim of “economic synthesis” is to develop the economic science by integrating (a) institutional and “pure” theory and (b) genetic economic history and economic theory.
The “re‐industrialisation” of America is the dominant topic today. It has come about because the United States economy did not live up to its expectations during the decade of the 1970s. As to what has caused such low economic performance, many speculations have been advanced, such as big government, high taxes, monetary maladjustments, the energy shortages, the high prices of energy, etc. However, one group of economists have attributed the dismal economic performance during the 1970s to the phenomenon of the “long‐wave cycles”. This cycle is also called the Kondratieff cycle, and occurs at intervals of forty to sixty years in a socio‐economic system resembling that of capitalism. According to the proponents of this theory since the last part of the eighteenth century, industrial capitalism has exhibited long waves of cyclical fluctuation in income, employment and prices. These economists believe that the “long‐wave cycles” are what have underlined recent United States economic ills.
As Professor Ischboldin looks back, after decades of creative work, reflecting on his accomplishments and surveying the landscape of economics, I suspect he feels that his optimistic approach to economics was, after all, justified. Of course, a genetic economist is supposed to be always optimistic, even when the tide is running against him. And since the end of World War II the general trend has not always been too favourable for genetic economists. In the wake of the last revolution in our dismal science a regime of formalism was firmly established and cold technical elegance became the characteristic of the professional élite. Their mathematical sophistication, however, was not enough to prevent a crisis of major proportions, and, as we can witness these days, the forces of criticism cannot any longer be disregarded.
Education, according to a vague but often accepted generalisation, is the only hope of a nation. Whether it is or not, the many branches of human endeavour which constitute modern education have generally not succeeded in stabilising man's psychological perspective in a volatile world. Be it politics, economics, or religion, disorder is the rule of the day and educators are hard pressed to offer explanation except in a highly fragmented way. Yet, it is educators who are largely charged with the intellectual development of the individual and the nation. We can ask: What is the source of the problem and how can it be met?
In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This…
In the last four years, since Volume I of this Bibliography first appeared, there has been an explosion of literature in all the main functional areas of business. This wealth of material poses problems for the researcher in management studies — and, of course, for the librarian: uncovering what has been written in any one area is not an easy task. This volume aims to help the librarian and the researcher overcome some of the immediate problems of identification of material. It is an annotated bibliography of management, drawing on the wide variety of literature produced by MCB University Press. Over the last four years, MCB University Press has produced an extensive range of books and serial publications covering most of the established and many of the developing areas of management. This volume, in conjunction with Volume I, provides a guide to all the material published so far.
This essay comprises a reflection on the roots of organistic systems thinking in economics, notably on the contributions made by Wilhelm Roscher and Gustav von Schmoller…
This essay comprises a reflection on the roots of organistic systems thinking in economics, notably on the contributions made by Wilhelm Roscher and Gustav von Schmoller, outstanding representatives of the Historical school in nineteenth‐century Germany.