The Theoretical Bases of Economic Policy: The Schumpeterian Perspective

W F Stolper

Journal of Evolutionary Economics, 1991, vol. 1, issue 3, 189-205

Abstract: The central role of economic policy in an evolutionary environment is stressed. Based on a Schumpeterian view the theoretical foundations of such a policy are discussed. This investigation leads to the result that not general rules satisfying and maintaining equilibrium are required but a constant watchfulness, reaction, and, if possible, anticipation of what happens in the economy.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:1:y:1991:i:3:p:189-205

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