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Schumpeter’s core works revisited


  • Esben Andersen



This paper organizes Schumpeter’s core books in three groups: the programmatic duology, the evolutionary economic duology, and the socioeconomic synthesis. By analysing these groups and their interconnections from the viewpoint of modern evolutionary economics, the paper summarises resolved problems and points at remaining challenges. Its analyses are based on distinctions between microevolution and macroevolution, between economic evolution and socioeconomic coevolution, and between Schumpeter’s three major evolutionary models (called Mark I, Mark II and Mark SC). Copyright Springer-Verlag 2012

Suggested Citation

  • Esben Andersen, 2012. "Schumpeter’s core works revisited," Journal of Evolutionary Economics, Springer, vol. 22(4), pages 627-648, September.
  • Handle: RePEc:spr:joevec:v:22:y:2012:i:4:p:627-648
    DOI: 10.1007/s00191-012-0281-5

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    Cited by:

    1. Bartz, Wiebke & Winkler, Adalbert, 2016. "Flexible or fragile? The growth performance of small and young businesses during the global financial crisis — Evidence from Germany," Journal of Business Venturing, Elsevier, vol. 31(2), pages 196-215.

    More about this item


    Joseph A. Schumpeter; Grouping of works; Microevolution and macroevolution; Socioeconomic coevolution; Schumpeterian models of evolution; B31; B52; E30; L00; O30;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • L00 - Industrial Organization - - General - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General


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