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© 1996 Oxford University Press

research-article

The Quest for a Unified Economics

GARY G. HAMILTON

Department of Sociology, University of Washington

Abstract

Max Weber (1864–1920) and Joseph Alois Schumpeter (1883–1950) shared roughly the same vision of economics: a unified discipline combining economic theory, economic history and economic sociology. They both devoted most of their academic lives to the realization of this vision. The editors of Industrial and Corporate Change have organized this review symposium as an occasion to reflect on the present theoretical significance of these two thinkers. Within the last fifteen years, it is clear that the quest for a unified economics, though still unrealized, is once again an important goal to many people working at the intersections of economics, history and sociology. In this essay, I will describe the visions held by Schumpeter and Weber, and using Wolfgang Stolper's book on Schumpeter and Stephen Kalberg's book on Weber as guides, I will contrast the two distinct paths that Schumpeter and Weber took in their quests to achieve a unified discipline. I will conclude with a brief evaluation of how the two books under review contribute to an economics so envisioned.


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