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Adaptation Without Attribution? The Genesis of Schumpeter’s Innovator

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  • Nicholas W. Balabkins

    (Lehigh University, Department of Economics)

Abstract

Schumpeter’s innovator provided the economics profession with an attractive explanation of the nature and function of entrepreneurship. Most of the economists had always assumed that the idea of the “innovating entrepreneur” popped from Schumpeter’s head like Athena from the head of Zeus. The genesis of the “innovating entrepreneur” has been discussed by numerous economists for a long period of time. Alas, none of them had ever referred to Albert E. F. Schäffle’s 1867 book, where he introduced the concepts of commercial and industrial innovations. This essay suggests that Schäfle-Schumpeter nexus deserves professional attention.

Suggested Citation

  • Nicholas W. Balabkins, 2003. "Adaptation Without Attribution? The Genesis of Schumpeter’s Innovator," The European Heritage in Economics and the Social Sciences,, Springer.
  • Handle: RePEc:spr:euhchp:978-0-306-48082-9_9
    DOI: 10.1007/0-306-48082-4_9
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