IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v25y2015i1p277-291.html
   My bibliography  Save this article

Schumpeter and Goodwin

Author

Listed:
  • Hardy Hanappi

Abstract

This paper compares the essential theoretical works of Joseph Schumpeter and Richard Goodwin. Though it also describes some biographical details of their overlapping lifetimes, the main focus is on the relation between their theoretical contributions. It is concluded that their role as theoretical mavericks challenging mainstream economics mirrors the methodological approach of evolutionary economics: progress needs the singular and unconventional challenge of innovators. Their long-lasting influence still is exerted by the scholars they influenced during their last period of activity. As well as showing several similarities the paper also discusses the essential differences between Schumpeter’s and Goodwin’s theoretical positions – in particular with respect to the works of Marx and Keynes. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Hardy Hanappi, 2015. "Schumpeter and Goodwin," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 277-291, January.
    • Handle: RePEc:spr:joevec:v:25:y:2015:i:1:p:277-291
    DOI: 10.1007/s00191-014-0390-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00191-014-0390-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00191-014-0390-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Goodwin, Richard M, 1986. "Swinging along the Turnpike with von Neumann and Sraffa," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(3), pages 203-210, September.
    2. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(1), pages 1-9.
    3. Hendry, David F, 1980. "Econometrics-Alchemy or Science?," Economica, London School of Economics and Political Science, vol. 47(188), pages 387-406, November.
    4. Hardy Hanappi (ed.), 2013. "Game Theory Relaunched," Books, IntechOpen, number 2750.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hanappi, Hardy & Scholz-Waeckerle, Manuel, 2015. "Evolutionary Political Economy: Content and Methods," MPRA Paper 75447, University Library of Munich, Germany.
    2. Marwil J. Dávila-Fernández, 2020. "Alternative approaches to technological change in a small open economy," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 279-317, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hanappi, Hardy, 2014. "Schumpeter and Goodwin," MPRA Paper 59932, University Library of Munich, Germany.
    2. David F. Hendry, 2013. "Econometric Modelling: The ‘Consumption Function’ In Retrospect," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(5), pages 495-522, November.
    3. R Burger & S du Plessis, 2011. "Examining the Robustness of Competing Explanations of Slow Growth in African Countries," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 35(3), pages 21-47, December.
    4. Zacharias Bragoudakis & Evangelia Kasimati & Christos Pierros & Nikolaos Rodousakis & George Soklis, 2022. "Measuring Productivities for the 38 OECD Member Countries: An Input-Output Modelling Approach," Mathematics, MDPI, vol. 10(13), pages 1-21, July.
    5. Arthur Brackmann Netto, 2017. "The Double Edge of Case-Studies: A Frame-Based Definition of Economic Models," Working Papers, Department of Economics 2017_21, University of São Paulo (FEA-USP).
    6. Pham, Manh D. & Zelenyuk, Valentin, 2019. "Weak disposability in nonparametric production analysis: A new taxonomy of reference technology sets," European Journal of Operational Research, Elsevier, vol. 274(1), pages 186-198.
    7. Amir, Shmuel, 1995. "Welfare maximization in economic theory: Another viewpoint," Structural Change and Economic Dynamics, Elsevier, vol. 6(3), pages 359-376, August.
    8. Bogliacino, Francesco & Rampa, Giorgio, 2014. "Expectational bottlenecks and the emerging of new organizational forms," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 28-39.
    9. Muellbauer, John & Nunziata, Luca, 2001. "Credit, the Stock Market and Oil: Forecasting US GDP," CEPR Discussion Papers 2906, C.E.P.R. Discussion Papers.
    10. Jean-Luc Gaffard, 2015. "Capital, richesse et croissance. De la recherche empirique aux éclairages théoriques," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 57-82.
    11. Caspar Sauter, 2014. "How should we measure environmental policy stringency? A new approach," IRENE Working Papers 14-01, IRENE Institute of Economic Research.
    12. Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
    13. Heinz D. Kurz, 2011. "The Contributions of Two Eminent Japanese Scholars to the Development of Economic Theory: Michio Morishima and Takashi Negishi," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 13, Edward Elgar Publishing.
    14. Mariolis Theodore & Konstantakis Konstantinos N. & Michaelides Panayotis G. & Tsionas Efthymios G., 2019. "A non-linear Keynesian Goodwin-type endogenous model of the cycle: Bayesian evidence for the USA," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(1), pages 1-16, February.
    15. Wheeler, Sarah Ann, 2006. "The Influence of Market and Agricultural Policy Signals on the Level of Organic Farming," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25333, International Association of Agricultural Economists.
    16. Burlig, Fiona, 2018. "Improving transparency in observational social science research: A pre-analysis plan approach," Economics Letters, Elsevier, vol. 168(C), pages 56-60.
    17. Sickles, Robin C. & Song, Wonho & Zelenyuk, Valentin, 2018. "Econometric Analysis of Productivity: Theory and Implementation in R," Working Papers 18-008, Rice University, Department of Economics.
    18. Mudit Kulsreshtha & Barnali Nag, 2000. "Structure and dynamics of non-suburban passenger travel demand in Indian railways," Transportation, Springer, vol. 27(2), pages 221-241, May.
    19. Adrian C. Darnell, 1994. "A Dictionary Of Econometrics," Books, Edward Elgar Publishing, number 118.
    20. Bernd Hayo, 1999. "Estimating A European Demand For Money," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(3), pages 221-244, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:25:y:2015:i:1:p:277-291. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.