Kornai, Schumpeter, and Economic Theory
AbstractThe author claims that J. Kornai in his paper "Innovation and Dynamism" (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeter’s theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeter’s legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 8 (2012)
Issue (Month): ()
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Web page: http://www.vopreco.ru/eng/year.html
Kornai; Schumpeter; evolutionary economics; innovations.;
Find related papers by JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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