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Schumpeterian Entrepreneurship Revisited: Historical Specificity and the Phases of Capitalist Development

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  • Ebner, Alexander

Abstract

Schumpeter's theory of entrepreneurship and innovation has been repeatedly interpreted in terms of a conceptual dualism, shifting from an early model of personal entrepreneurship in newly founded enterprises to a late model of research and development in large enterprises, responding to changes in the productive organization of capitalism. Due to theoretical inconsistencies, Schumpeter thus seemingly altered his argument on the role of entrepreneurship in economic development (Freeman et al. 1982, pp. 41–42). In countering these allegations, it has been put forward that Schumpeter's instrumental methodology would allow for settling historical experiences and theoretical reasoning on different analytical levels. Accordingly, the substantial validity of the Schumpeterian approach would remain independent from variable historical settings (Frank 1998, pp. 505–506). Adding to these methodological considerations, it has been suggested that the consistency of Schumpeter's argument could be reconstructed in terms of an explanation of capitalist development that resonates Weberian thought on rationalization and bureaucratization (Langlois 1998b, pp. 57–58).

Suggested Citation

  • Ebner, Alexander, 2006. "Schumpeterian Entrepreneurship Revisited: Historical Specificity and the Phases of Capitalist Development," Journal of the History of Economic Thought, Cambridge University Press, vol. 28(3), pages 315-332, September.
    • Handle: RePEc:cup:jhisec:v:28:y:2006:i:03:p:315-332_00
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    Cited by:

    1. Vera Catarina Rocha, 2012. "The entrepreneur in economic theory: from an invisible man toward a new research field," FEP Working Papers 459, Universidade do Porto, Faculdade de Economia do Porto.
    2. Nunes, Luís Beato, 2016. "Schumpeter's entrepreneurs in the 20th century: The Tucker automobile," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 14-20.
    3. Croitoru Alin, 2019. "No Entrepreneurship without Opportunity: The Intersection of Return Migration Research and Entrepreneurship Literature," Social Change Review, Sciendo, vol. 17(1), pages 33-60, December.
    4. Ferlito, Carmelo, 2015. "Entrepreneurship: State of Grace or Human Action?," European Journal of Economic and Social Systems, Lavoisier, vol. 27(1-2), pages 11-36.
    5. Anthony Endres & Christine Woods, 2010. "Schumpeter’s ‘conduct model of the dynamic entrepreneur’: scope and distinctiveness," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 583-607, August.
    6. Hüseyin Özel, 2018. "Four Horsemen of The Apocalypse: Marx, Weber, Schumpeter, and Polany," Yildiz Social Science Review, Yildiz Technical University, vol. 4(2), pages 111-124.
    7. Ferlito, Carmelo, 2015. "Entrepreneurship: State of grace or human action? Schumpeter’s leadership vs Kirzner’s alertness," MPRA Paper 67694, University Library of Munich, Germany.

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