Schumpeter and Steindl on the dynamics of competition

Harry Bloch

Journal of Evolutionary Economics, 2000, vol. 10, issue 3, 343-353

Abstract: This paper compares and contrasts the contributions of Joseph Alois Schumpeter and Josef Steindl to the competitive paradigm. Both reject the static nature of traditional profit maximizing analysis and the analytical device of a representative firm. Instead they both opt for a dynamic framework in which there is a key role for innovation. Differences emerge in terms of the characteristics of individual firms that nurture the competitive struggle and are responsible for technical change.

Keywords: Schumpeter; -; Steindl; -; Technological; change; -; Innovation; -; Competitive; process (search for similar items in EconPapers)
JEL-codes: B21 L11 O31 (search for similar items in EconPapers)
Date: 2000-01-10
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Citations: View citations in EconPapers (3)

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