Nationality American Name Josef Steindl | Influenced Paul A. Baran Fields Political Economy | |
Born 14 April 1912 Vienna, Austria-Hungary School or tradition Post-Keynesian economics Influences John Maynard Keynes Michal Kalecki Died March 7, 1993, Vienna, Austria Books Maturity and stagnation in American capitalism, Random processes and the growth of firms, Economic Papers, 1941-88 | ||
Josef Steindl (14 April 1912 – 7 March 1993) was an Austrian-born Post-Keynesian economist.
Contents
Career
He was at the Austrian Institute of Economic Research (WIFO) (1935–38) (Ludwig Von Mises Institute) but moved to the UK in 1938 to lecture at Oxford University. There he worked with a group of other European exiles from Fascism, including Michał Kalecki. Kalecki has been described as being Steindl's role-model—with his work resembling part of Kalecki's not only in substance but also in style.
In 1950 he returned to WIFO until his retirement in 1978.
Work
Kurt Rothschild concludes his review of Steindl's life in the Economic Journal with a quote illustrating his views about the tasks for economic research: What might be done to overcome the sterility of today's economics? The first condition is that we go back to the great 'traditions of the classics, Kalecki and Keynes, whose work was rooted in the economic policy problems of their time, and derived its relevance from them. They asked what should be done and how. Economic policy is the main inspiration of economic theory. The second condition is that a tremendous lot of new work is done in the no-man's land between the established disciplines which are entrenched in their organised fields, fearful of each other and speaking different languages. We must have close cooperation with other disciplines: engineering, science, history, sociology, biology, political science etc. I think the chances of a new start are not bad, because the dominant economics has largely run its course ... The time for new fashions cannot be far away. (Steindl, J. (1984). 'Reflections on the present state of economics.' Banca Nazionale del Lavoro Quarterly Review, vol. 148 (March). and as ch. 18 in Steindl (1990) Economic Papers 1941–88. London: Macmillan.)
Honorary positions
Major works
Two of Steindl's most notable works are perhaps: