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Creative destruction : the significance of Schumpeter's economic doctrines

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  • John Grahl

Abstract

[eng] Neo-liberal theory often appeals to the Schumpeterian notion of ((creative destruction» and to the assumed central importance of the entrepreneur. But it can be argued that, in modifying Marx's vision of capitalist development, Schumpeter stripped business cycles of their real destructiveness and unruliness. And it is unconvincing to interpret present economic problems as a Schumpeterian struggle between modernising enterprise and conservative societies. In particular, such an interpretation neglects the barriers to change which results from the defence of existing creditor positions, that is, it neglects the conservative side of capitalist production relations. [fre] La théorie néo-libérale fait souvent appel à la notion schumpeterienne de «destruction créatrice» et à l'importance centrale de l'entrepreneur qu'elle suppose. Mais on peut soutenir que, en modifiant la vision du développement capitaliste qu'a Marx, Schumpeter a dépouillé les cycles des affaires de leur réel caractère destructeur et déréglé. Et il n'est pas convaincant d'interpréter les problèmes économiques actuels comme une lutte schumpeterienne entre l'entreprise en modernisation et des sociétés conservatrices. En particulier, une telle interprétation néglige les barrières au changement qui résultent de la défense de positions créditrices existantes, c'est-à-dire qu'elle néglige le côté conservateur des rapports de production capitalistes.

Suggested Citation

  • John Grahl, 1985. "Creative destruction : the significance of Schumpeter's economic doctrines," Cahiers d'Économie Politique, Programme National Persée, vol. 10(1), pages 213-227.
  • Handle: RePEc:prs:caecpo:cep_0154-8344_1985_num_10_1_1010
    DOI: 10.3406/cep.1985.1010
    Note: DOI:10.3406/cep.1985.1010
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    Cited by:

    1. Vincent Montenero & Cristina Cazorzi, 2021. "Attempts by MNCs to Expand the Creative and Innovative Spirit through the Concept of Agility: Role of Global Managers," Post-Print halshs-03286310, HAL.

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