Convergences with Schumpeter: An essay Hirschman has yet to write

Peter Wynarczyk ()
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Peter Wynarczyk: Division of Economics, University of Northumbria at Newcastle, Newcastle upon Tyne, NE1 8ST, UK

Journal of Evolutionary Economics, 2000, vol. 10, issue 3, 329-341

Abstract: The paper explores the contributions of Joseph Schumpeter and Albert Hirschman to our understanding of the dynamics of modern democratic capitalist economies and suggests that much of their respective work displays intellectual overlap and complementarity. It is primarily focused upon the role of economic and political processes as forces of change and adjustment and the necessary degree of built-in inertia required to permit orderly rather than chaotic responses.

Keywords: Schumpeterian themes and commonalities - Production - Consumption - Endogenous dynamics - Inertia - Capitalism; socialism and democracy (search for similar items in EconPapers)
JEL-codes: A11 A14 B3 D72 P1 P3 (search for similar items in EconPapers)
Date: 2000-01-10
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