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A Schumpeterian theory of underdevelopment - a contradiction in terms?

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Abstract

The aim of this paper is to show that the dynamics of Schumpeterian economics, in addition to explain the creation of wealth, also implicitly contain the elements of a theory of relative poverty. It is argued that the German tradition of economics, of which Schumpeter is a part, has always encompassed the necessary elements of a theory of uneven growth. List, Marx, and Schumpeter have all emphasized different aspects of this uneven growth. This contrasts sharply with the Anglo-Saxon tradition which, particularly since the 1890's, has produced theories of growth and trade which imply an even, converging distribution of world activity and income.

Suggested Citation

  • Erik S. Reinert, "undated". "A Schumpeterian theory of underdevelopment - a contradiction in terms?," STEP Report series 199415, The STEP Group, Studies in technology, innovation and economic policy.
    • Handle: RePEc:stp:stepre:1994r15
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    File URL: http://www.step.no/reports/Y1994/1594.pdf
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    Cited by:

    1. Ioanna Boulouta & Christos Pitelis, 2014. "Who Needs CSR? The Impact of Corporate Social Responsibility on National Competitiveness," Journal of Business Ethics, Springer, vol. 119(3), pages 349-364, February.
    2. Igor Pilipenko, 2005. "Clusters and Territorial-Industrial Complexes - Similar Approaches or Different Concepts? - first Evidence from Analysis of Development of Russian Regions," ERSA conference papers ersa05p70, European Regional Science Association.
    3. Diego Sánchez-Ancochea, 2005. "Capitalismo, desarrollo y Estado. Una revisión crítica de la teoría del Estado de Schumpeter," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 7(13), pages 81-100, July-Dece.

    More about this item

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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