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“Destructive” and “Creative” Results of Dynamic Analytical Frameworks of Marx and Schumpeter

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  • Aydin , Derya Guler

    () (Hacettepe University,)

Abstract

This study aims to analyze the destructive and creative results of Marx’s and Schumpeter’s analysis starting out from the argument that their analytical frameworks are dynamic. Capitalism involves economic and non-economic variables and hence is dynamic and instable. Because of this reason, a dynamic framework is embraced in this study which takes into account the changes in concrete historical time. Also paper argued that Marx and Schumpeter contend that the working of capitalism undermines its own institutional structure. In this regard, the paper seeks to establish connections between Marx and Schumpeter by their dynamic visions. In order to show these connections, in the first section of the study the historical metarialism context of Marx is evaluated. The topic of the second section is the the creative actions which establish the dynamic framework of Schumpeter. In the third section, destructive and creative reasults of dynamic analysis of Marx and Schumpeter are examined.

Suggested Citation

  • Aydin , Derya Guler, 2010. "“Destructive” and “Creative” Results of Dynamic Analytical Frameworks of Marx and Schumpeter," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 1(2), pages 1-17, April.
  • Handle: RePEc:ris:buecrj:0018
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    Keywords

    Historical materialism; Static and dynamic analysis; Creative actions; Instability;

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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