IDEAS home Printed from https://ideas.repec.org/a/taf/indinn/v9y2002i1-2p41-78.html
   My bibliography  Save this article

Railroadization As Schumpeter'S Standard Case: An Evolutionary-Ecological Account

Author

Listed:
  • Esben Sloth Andersen

Abstract

In his 1939 book Business Cycles, Schumpeter declared that the railroad and its consequences for the economic system is the standard example of his analysis of capitalist evolution. This paper demonstrates that Schumpeter went quite far in the analysis of his case of "railroadization" and in suggesting how his model could be adapted to it, but today we see that he failed because of his lack of adequate analytical tools. In the light of modern evolutionary economics and evolutionary-ecological analysis, the paper revisits Schumpeter's suggestions. The parameters of the logistic equation and the Lotka-Volterra equations are shown to be central variables in an evolutionary process that includes different types of economic agent. The specification of the roles in this process helps to redefine entrepreneurs, managers, and financiers. Furthermore, a new interpretation of the system-level dynamics is made, both in general and in relation to the case of railroadization.

Suggested Citation

  • Esben Sloth Andersen, 2002. "Railroadization As Schumpeter'S Standard Case: An Evolutionary-Ecological Account," Industry and Innovation, Taylor & Francis Journals, vol. 9(1-2), pages 41-78.
    • Handle: RePEc:taf:indinn:v:9:y:2002:i:1-2:p:41-78
    DOI: 10.1080/13662710220123617
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/13662710220123617
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13662710220123617?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.

    Citations

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


    Cited by:

    1. Edward M. Bergman & Gunther Maier & Patrick Lehner, 2008. "Banning the Bahn: transport Infrastructure effects on Austrian cluster firms," International Journal of Human Resources Development and Management, Inderscience Enterprises Ltd, vol. 8(1/2), pages 3-24.
    2. Davide Consoli, 2003. "The evolution of retail banking services in United Kingdom: a retrospective analysis," Industrial Organization 0310002, University Library of Munich, Germany.
    3. Erwin Dekker, 2018. "Schumpeter: Theorist of the avant-garde," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(2), pages 177-194, June.
    4. Consoli, Davide, 2005. "The dynamics of technological change in UK retail banking services: An evolutionary perspective," Research Policy, Elsevier, vol. 34(4), pages 461-480, May.

    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:taf:indinn:v:9:y:2002:i:1-2:p:41-78. 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/CIAI20 .

    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.