The Role of the London School of Economics in the Formation of Schumpeter’s Socio-Economic Dynamics
Daisuke Kobayashi
History of Economics Review, 2025, vol. 90, issue 1, 19-37
Abstract:
How Schumpeter’s theory of economic development was formed has been the subject of various discussions over the years, and the details of the process involved are gradually becoming clearer. Of course, the influence of the German Historical School (the GHS) on Schumpeter is well known. Especially, the youngest members of the school such as Weber and Sombart attempted to theorise about these social dynamic phenomena as well as Schumpeter. However, most researchers have ignored the influence of the London School of Economics and Political Science (LSE) on Schumpeter. The LSE was mainly founded by members of the Fabian Society, including Sidney Webb, and has many connections to the German Historical School. In this paper, the author will discuss the following: why Schumpeter chose to come to the LSE, as opposed to Cambridge or Oxford; the influences of the LSE anthropologists; and, finally, the relationship between Schumpeter’s theory of economic development and Sidney Webb’s lectures.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rherxx:v:90:y:2025:i:1:p:19-37
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DOI: 10.1080/10370196.2025.2526254
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