Schumpeter and Goodwin

Hardy Hanappi ()

Journal of Evolutionary Economics, 2015, vol. 25, issue 1, 277-291

Abstract: This paper compares the essential theoretical works of Joseph Schumpeter and Richard Goodwin. Though it also describes some biographical details of their overlapping lifetimes, the main focus is on the relation between their theoretical contributions. It is concluded that their role as theoretical mavericks challenging mainstream economics mirrors the methodological approach of evolutionary economics: progress needs the singular and unconventional challenge of innovators. Their long-lasting influence still is exerted by the scholars they influenced during their last period of activity. As well as showing several similarities the paper also discusses the essential differences between Schumpeter’s and Goodwin’s theoretical positions – in particular with respect to the works of Marx and Keynes. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: Schumpeter; Goodwin; Evolutionary methodology; History of economic thought (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:25:y:2015:i:1:p:277-291

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DOI: 10.1007/s00191-014-0390-4

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