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Revisiting Schumpeter’s Theory of Economic Development in the Twenty-First Century—Brief Guide to a Personal Research Agenda

Author

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  • Michael Peneder

    (Austrian Institute of Economic Research, WIFO)

Abstract

To mark the 40th anniversary of the ISS, this chapter outlines the origins and select findings of my evolutionary-structuralist research. In my quest for a contemporary interpretation of Schumpeter's theory of economic development, the research agenda has focused on the following topics in particular: entrepreneurial competition, venture finance and the non-neutrality of money, the inverted-U relationship between innovation and competition, technology adoption in green tech and platforms, structural change and growth and a typology of evolutionary economic policy. The findings demonstrate the relevance of many of Schumpeter's foundational insights to contemporary challenges of technological, economic and social transformation.

Suggested Citation

  • Michael Peneder, 2026. "Revisiting Schumpeter’s Theory of Economic Development in the Twenty-First Century—Brief Guide to a Personal Research Agenda," Economic Complexity and Evolution,, Springer.
    • Handle: RePEc:spr:eccchp:978-3-032-26294-3_14
    DOI: 10.1007/978-3-032-26294-3_14
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