Reductionism or misinterpretation? Neo-Schumpeterian endogenous growth models versus Schumpeter

Réductionnisme ou mésinterprétation ? Les modèles néo-schumpétériens de croissance Endogène face à Schumpeter

Tristan Velardo ()
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Tristan Velardo: CED - Centre Émile Durkheim - IEP Bordeaux - Sciences Po Bordeaux - Institut d'études politiques de Bordeaux - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article critically examines the so-called "Schumpeterian" models of endogenous growth by juxtaposing their "spontaneous history" with a thorough analysis of Joseph A. Schumpeter's original work. Through a comparative approach, it demonstrates that these models, despite using concepts like creative destruction and monopolistic competition, rest on a misinterpretation of Schumpeter's writings. Unlike the models' quantitative focus on growth, Schumpeter emphasized capitalist dynamics as a qualitative process and a holistic phenomenon. The article underscores the limitations of "Schumpeterian" models, which often reduce his nuanced ideas to oversimplified, formalized frameworks. In doing so, it contributes to a broader understanding of the evolution and historical development of these models within the field of endogenous growth theory.

Keywords: modéles de croissance; Joseph A. Schumpeter (search for similar items in EconPapers)
Date: 2025-07-01
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Published in Cahiers d'Economie Politique = Papers in political economy, 2025, Contributions à une histoire des théories de la croissance endogène, 87, pp.176-203. ⟨10.3917/cep1.087.0176⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-05280191

DOI: 10.3917/cep1.087.0176

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