“Destructive” and “Creative” Results of Dynamic Analytical Frameworks of Marx and Schumpeter

Derya Guler Aydin ()
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Derya Guler Aydin: Hacettepe University,, Postal: Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Economics

Business and Economics Research Journal, 2010, vol. 1, issue 2, 17

Abstract: This study aims to analyze the destructive and creative results of Marx’s and Schumpeter’s analysis starting out from the argument that their analytical frameworks are dynamic. Capitalism involves economic and non-economic variables and hence is dynamic and instable. Because of this reason, a dynamic framework is embraced in this study which takes into account the changes in concrete historical time. Also paper argued that Marx and Schumpeter contend that the working of capitalism undermines its own institutional structure. In this regard, the paper seeks to establish connections between Marx and Schumpeter by their dynamic visions. In order to show these connections, in the first section of the study the historical metarialism context of Marx is evaluated. The topic of the second section is the the creative actions which establish the dynamic framework of Schumpeter. In the third section, destructive and creative reasults of dynamic analysis of Marx and Schumpeter are examined.

Keywords: Historical materialism; Static and dynamic analysis; Creative actions; Instability (search for similar items in EconPapers)
JEL-codes: B10 B30 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0018

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