IDEAS home Printed from https://ideas.repec.org/a/mes/ijpoec/v53y2024i2p187-201.html
   My bibliography  Save this article

Elaborating on the Demand-Side of Economic Development: Schumpeter and Neo-Schumpeterian Theory

Author

Listed:
  • Davide Gualerzi

Abstract

The article aims at integrating Schumpeter’s focus on innovation, entrepreneurship, and qualitative change with a theory of the demand side. It argues that, by remaining close to Schumpeter’s “methodological core”, it is possible to go forward with Schumpeter’s seminal contribution. The new perspective deals with innovation and demand together, therefore, laying out the basics for a theory of the demand side, a goal that despite the numerous attempts has remained elusive to Neo-Schumpeterian\Evolutionist theory. Its recent development highlights a “micro” orientation that does not facilitate that task. The suggested approach in this article focuses on the exploitation of the potential implicit in current consumption patterns by means of innovation and new products. Its main goal is to provide a theoretical framework for the large number of case studies and empirical analyses of new products and innovation that constitutes the bulk of research on demand in the Neo-Schumpeterian\Evolutionist literature. That should also contribute to analyzing the structural aspects of the “demand generating” process.

Suggested Citation

  • Davide Gualerzi, 2024. "Elaborating on the Demand-Side of Economic Development: Schumpeter and Neo-Schumpeterian Theory," International Journal of Political Economy, Taylor & Francis Journals, vol. 53(2), pages 187-201, April.
    • Handle: RePEc:mes:ijpoec:v:53:y:2024:i:2:p:187-201
    DOI: 10.1080/08911916.2023.2249338
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08911916.2023.2249338
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08911916.2023.2249338?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.

    More about this item

    Statistics

    Access and download statistics

    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:mes:ijpoec:v:53:y:2024:i:2:p:187-201. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MIJP20 .

    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.