| Description |
xiii, 272 p. : ill. ; 22 cm. |
| ISBN |
9781403996275 (hbk.) |
| Note |
Includes bibliographical references (p. 256-264 ) and index. |
| Contents |
Schumpeter's evolutionary research programme -- Schumpeter's core works -- Schumpeter's basic evolutionary model -- The structure of the book -- The early Schumpeter, 1883-1913. Moving upwards in Old Austria -- Towards economics at the University of Vienna -- The historical school and neoclassical economics -- Postgraduate studies and the first bookp -- Early academic career and the second book -- From equilibrium economics to evolutionary economics. Conflicting approaches to economic evolution -- Walrasian and Schumpeterian entrepreneurs -- The evolutionary function of business cycles -- The entrepreneur versus the economic system. The routinised circular flow without S-entrepreneurs -- The function of the Schumpeterian entrepreneur -- Specifications of S-entrepreneurship -- The framework for analysing economic evolution -- Railroadization as Schumpeter's standard example. Illustrating the concepts -- Evolutionary comparative statics -- The unpredictability and mechanisms of evolution -- Intermezzo, 1914-25. Wartime politics and research -- The difficult postwar reconstruction -- Towards a general theory of social evolution. The historical school and the theory of social evolution -- Social evolution and rationality -- The general theory of social evolution -- The little mecca for economists, 1925-32. Modernisation from the University of Bonn -- An evolutionist's search for another Mecca -- The Harvard professor and his projects, 1932-42. The inspiring professor of Harvard University -- Fundamental but unfinished projects -- Economic crisis and Keynesianism -- Evolutionary waves and capitalist evolution -- The evolutionary trilogy and the Schumpeterian models. The evolutionary trilogy -- The Schumpeterian models of economic evolution -- The evolutionary mechanisms and the Schumpeterian models -- The basic functioning of the capitalist engine. The capitalist engine and the economic evolution -- The two phases of the waves of economic evolution -- Swarming of entrepreneurs and adaptive recessions -- Evolutionary statistics and Schumpeterian waves -- The complex functioning of the capitalist engine. Approaching the complexities of economic evolution -- Waves of evolution with four phases -- Evolutionary diagnosis, prognosis and treatment -- The economic history of capitalist evolution. The third approximation to waveform evolution -- The reasoned history of the capitalist process -- Diffusion and the types of innovation -- The transformation of the capitalist engine. The transformation of the mechanisms of evolution -- Sketching the Mark II model -- Oligopolistic competition and economic evolution -- The performance of the oligopolistic engine -- The capitalist engine and long-term social evolution. The brakes of the capitalist engine -- The sectoral co-evolution of progressing capitalism -- The sectoral co-evolution of regressing capitalism -- Globalisation and the renewed progressing of capitalism -- The last years, 1943-50. Schumpeterian unfinishedness -- Living in the history of economics -- The Schumpeterian legacy -- Schumpeter's "final thesis" |
| Summary |
"This book examines Schumpeter's dramatic theory of social and economic evolution as the pivot of his life and work. His theory emerged through a new combination of neoclassical economics, the historical school, and elite theory. It permeated not only his account for economic growth and development but also his studies of the routinised economy, business cycles, capitalism, the democratic system, and the evolution of economics. The book's comprehensive account resolves apparent paradoxes and clarifies Schumpeter's challenges to economists and other social scientists" --Provided by publisher. |
| Series |
Great thinkers in economics series.
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| Library Class |
Economics A634.S3
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| Subject |
Schumpeter, Joseph A., 1883-1950.
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Economists -- United States -- Biography.
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Economists -- Austria -- Biography.
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Economics -- History -- 20th century.
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Economic history.
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Neoclassical school of economics.
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