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Convergences with Schumpeter: An essay Hirschman has yet to write

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Author Info
Peter Wynarczyk () (Division of Economics, University of Northumbria at Newcastle, Newcastle upon Tyne, NE1 8ST, UK)
Abstract

The paper explores the contributions of Joseph Schumpeter and Albert Hirschman to our understanding of the dynamics of modern democratic capitalist economies and suggests that much of their respective work displays intellectual overlap and complementarity. It is primarily focused upon the role of economic and political processes as forces of change and adjustment and the necessary degree of built-in inertia required to permit orderly rather than chaotic responses.

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Publisher Info
Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 10 (2000)
Issue (Month): 3 ()
Pages: 329-341
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Handle: RePEc:spr:joevec:v:10:y:2000:i:3:p:329-341

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Related research
Keywords: Schumpeterian themes and commonalities - Production - Consumption - Endogenous dynamics - Inertia - Capitalism; socialism and democracy;

Find related papers by JEL classification:
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
B3 - Schools of Economic Thought and Methodology - - History of Thought: Individuals
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior
P1 - Economic Systems - - Capitalist Systems
P3 - Economic Systems - - Socialist Institutions and Their Transitions

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This page was last updated on 2009-12-10.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.