Advertisement

The Scientific Contributions of Heinrich von Stackelberg

  • Peter R. Senn
Chapter
Part of the The European Heritage in Economics and the Social Sciences book series (EHES, volume 11)

Abstract

A short introduction explains a fundamental assumption. The political and intellectual realms of a person’s life often are separate – and both change over time. This is followed by a biographical sketch of Stackelberg. Next comes an examination of the historical and theoretical context in which his work occurred. The time was that of the Great Depression and the revolution in thinking about monopolistic situations that occurred as a result. After this, his main contributions are summarized. One of the most important of these was in the analysis of “unstable” market forms (imperfect or monopolistic competition) which did not fit the equilibrium conditions of earlier writers. The next section is devoted to the application of his ideas and techniques to business and the economics of today. A few of the thousands of applications are described. The last section is devoted to an assessment of his contributions from the point of view of modern theory. There is no doubt that he will have a permanent place as one who laid the foundations for modern thinking about game theory and monopolistic situations.

Keywords

Monetary Policy Modern Theory European Monetary Union Market Form Pure Competition 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgments

Jürgen Backhaus, Ursula Backhaus, Wolfgang Drechsler, Merle Kingman, Gerrit Meijer, and Hans-Heinrich Freiherr von Stackelberg helped me with useful critiques for which I thank them. I am particularly obligated to Mary Stone Senn who, in addition to making many specialized computer searches, was helpful in countless other ways. Thanks also to Anita Lauterstein who did much of the typing. Any errors are my own.

References

  1. Backhaus JG (1996) Stackelberg’s concept of the post-war economic order. J Econ Stud 23(5/6):141–148CrossRefGoogle Scholar
  2. Baumgärtner S (1998) Heinrich Von Stackelberg’s theory of joint production. Discussion Paper no. 265, Department of Economics, Interdisciplinary Institute of Environmental Economics, University of Heidelberg, GermanyGoogle Scholar
  3. Blaug M, Sturges P (eds) (1983) Who’s who in economics: a biographical dictionary of major economists 1700–1981. Wheatsheaf Books Ltd., BrightonGoogle Scholar
  4. Chamberlin EH (1933) The theory of monopolistic competition. Harvard University Press, Cambridge (Revised edition 1948)Google Scholar
  5. Eatwell J, Murray M, Peter N (eds) (1987) The New Palgrave: a dictionary of economics, 4 vols. The Stockton Press, New York; a division of Grove’s DictionariesGoogle Scholar
  6. Eucken W (1948) Obituary: Heinrich von Stackelberg. Econ J 58(229):132–134Google Scholar
  7. Fuertes JV (1996) Stackelberg and his role in the change in spanish economic policy. J Econ Stud 23(5/6):128–140CrossRefGoogle Scholar
  8. Haney LH (1949) History of economic thought: a critical account of the origin and development of the economic theories of the leading thinkers in the leading nations, 4th enlarged edition. The Macmillan Company, New York (First edition 1911)Google Scholar
  9. Harrod RF (1933) Review of Edward Hastings Chamberlin. The theory of monopolistic competition. Econ J XLII(172):661–666CrossRefGoogle Scholar
  10. Konow J (1994) The political economy of Heinrich von Stackelberg. Econ Inq 32(1):146–165CrossRefGoogle Scholar
  11. Krelle W (1987) Stackelberg, Heinrich von (1905–1946), vol 4. In: Eatwell J, Murray M, Peter N (eds) The New Palgrave: a dictionary of economics, 4 vols. The Stockton Press, New York, p 469; a division of Grove’s DictionariesGoogle Scholar
  12. Kurz HD (1993) Review of Stackelberg’s ‘Gesammelte Wirtschaftswissenschaftliche Abhandlungen’. Eur J Hist Econ Thought 1(1):211–216Google Scholar
  13. Leontief W (1936) Stackelberg on monopolistic competition. J Polit Econ 44(4):554–559CrossRefGoogle Scholar
  14. Niehans J (1992) Heinrich von Stackelberg: relinking German economics to the mainstream. J Hist Econ Thought 14(2):189–208CrossRefGoogle Scholar
  15. Oberender P, Claudius C (1966) Heinrich von Stackelberg: Nur ein Pionier der Preistheorie? in Jahrbücher für Nationalökonomie und Statistik, vol 215. pp 363–376 (I have not seen this article)Google Scholar
  16. Pribram K (1983) A history of economic reasoning. The Johns Hopkins University Press, BaltimoreGoogle Scholar
  17. Robinson J (1933) The economics of imperfect competition. Macmillan and Co., Limited, London (The book was reprinted many times. I worked from the 1948 reprint)Google Scholar
  18. Schmölders G (1948) Jens Jessen (1896–1944). Econ J 58(229):135–136Google Scholar
  19. Schumpeter JA (1954) History of economic analysis, edited from manuscript by Elizabeth Boody Schumpeter. Oxford University Press, New YorkGoogle Scholar
  20. Senn PR (1996a) A short sketch of Stackelberg’s career. J Econ Stud 23(5/6):8–11Google Scholar
  21. Senn PR (1996b) Heinrich von Stackelberg in the history of economic ideas. J Econ Stud 23(5/6):12–35Google Scholar
  22. Stackelberg HV (1932a) Grundlagen einer reinen Kostentheorie. Zeitschrift für Nationalökonomie 3(333–367):552–590CrossRefGoogle Scholar
  23. Stackelberg HV (1932b) Grundlagen einer reinen Kostentheorie. Julius Springer, Vienna. Konow says this book was an expansion of the article above. (163) Backhaus suggests that it was probably the other way around (Jürgen Backhaus, letter to the author, September 1995)Google Scholar
  24. Stackelberg HV (1952) The theory of the market economy, translated from the German and with an introduction by Alan T. Peacock. Oxford University Press, New York. This is a translation of Grundlagen der theoretischen Volkswirtschaftslehre (Foundations of Economic Theory). It has an interesting history. The first edition was entitled Grundzüge der theoretischen Nationalökonomie (Outlines of Economic Theory). It was almost entirely destroyed in an air raid on Stuttgart in 1943. Stackelberg revised and enlarged it during his time in Spain. It was published first in Spanish, as Principios de Teoría Económica, and then in German in 1948Google Scholar
  25. Stigler GJ (1976) The scientific uses of scientific biography: with special reference to John Stuart Mill. In: The economist as preacher and other essays. The University of Chicago Press, Chicago, 1982Google Scholar
  26. von Hassell U (1988) Die Hassell-Tagebücher 1938–1944: Aufzeichnungen vom Andern Deutschland, nach der Handschrift revidierte und erweiterte Ausgabe unter Mitarbeit von Klaus Peter Reiss herausgegeben von Friedrich Freiherr Hiller von Gaertringen. Siedler Verlag, BerlinGoogle Scholar
  27. von Stackelberg H (1934) Marktform und Gleichgewicht. Julius Springer, ViennaGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2012

Authors and Affiliations

  • Peter R. Senn
    • 1
  1. 1.EvanstonUSA

Personalised recommendations