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Schumpeter and Goodwin

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  • Hanappi, Hardy

Abstract

This paper discusses the works of Joseph Schumpeter and Richard Goodwin using the common perspective that both were theoretical mavericks of mainstream economic theory development in the 20th century. In particular the fact that their activities overlapped during their cooperation at Harvard University is explored. Their contributions are interpreted as entrepreneurial activity in the domain of theory building - with some spillovers to economic policy intervention. It is argued that maverick theoretical activity is indispensable for progress in evolutionary political economy.

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  • Hanappi, Hardy, 2014. "Schumpeter and Goodwin," MPRA Paper 59932, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59932
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    References listed on IDEAS

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    1. Hanappi Hardy, 2014. "Evolutionary Political Economy in Crisis Mode," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(2-3), pages 422-440, April.
    2. Lord Robbins, 1970. "The Evolution of Modern Economic Theory," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00876-6, June.
    3. J. v. Neumann, 1945. "A Model of General Economic Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(1), pages 1-9.
    4. Lord Robbins, 1970. "The Evolution of Modern Economic Theory," Palgrave Macmillan Books, in: The Evolution of Modern Economic Theory, chapter 1, pages 11-46, Palgrave Macmillan.
    5. Goodwin, Richard M, 1986. "Swinging along the Turnpike with von Neumann and Sraffa," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(3), pages 203-210, September.
    6. repec:bla:econom:v:47:y:1980:i:188:p:387-406 is not listed on IDEAS
    7. Hardy Hanappi (ed.), 2013. "Game Theory Relaunched," Books, IntechOpen, number 2750, June.
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    2. Hanappi, Hardy, 2024. "Culture - the elephant in the room Meticulous analysis, grandiose synthesis and their oscillations," MPRA Paper 122216, University Library of Munich, Germany.
    3. Hardy Hanappi & Manuel Scholz-Wäckerle, 2021. "Evolutionary Political Economy: Content and Methods," Forum for Social Economics, Taylor & Francis Journals, vol. 50(2), pages 157-174, April.
    4. Marwil J. Dávila-Fernández, 2020. "Alternative approaches to technological change in a small open economy," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 279-317, April.

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    More about this item

    Keywords

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    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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