Schumpeter and the meanings of rationality
Mário Graça Moura ()
Additional contact information
Mário Graça Moura: Faculdade de Economia da Universidade do Porto (FEP-UP) and CEF.UP, Universidade do Porto
Journal of Evolutionary Economics, 2017, vol. 27, issue 1, No 7, 115-138
Abstract This paper discusses various meanings of rationality distinguished by Schumpeter – as well as related concepts like rationalization – and connects them with widely remarked tensions or dilemmas in The Theory of Economic Development and other substantive works. The well-known contrast between Schumpeter’s commitment to equilibrium economics and his heterodox, evolutionary vision is analyzed on the basis of the notions of ‘rationality of the observer’ and ‘rationality in the observed’, developed in his article on The Meaning of Rationality in the Social Sciences. Schumpeter’s thesis of the obsolescence of the entrepreneurial function – already present in The Theory of Economic Development – is also scrutinized, by investigating the coherence between his conceptions of rationality and of rationalization. This topic is, in turn, connected with Schumpeter’s assessment of the socialist calculation debate.
Keywords: Schumpeter; Methodology; Ontology; Rationality; B3; B4 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s00191-015-0429-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:joevec:v:27:y:2017:i:1:d:10.1007_s00191-015-0429-1
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Evolutionary Economics is currently edited by Uwe Cantner, Elias Dinopoulos, Horst Hanusch and Luigi Orsenigo
More articles in Journal of Evolutionary Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().