Schumpeter’s Theory of Capitalist Motion

Allen Oakley

in Books from Edward Elgar Publishing

Abstract: This timely book presents a detailed critical reassessment of Schumpeter's analysis of capitalist motion identifying those aspects that remain relevant to an understanding of modern capitalism. It recognizes Schumpeter's very real achievement in giving prominence to entrepreneurial behaviour and the process of innovation as the mainspring of capitalist motion. But, it challenges the methodological and substantive dimensions of his analysis of economic systems. Schumpeter's failure to situate his thesis in an appropriate ‘vision’ of capitalism led him into an isolated, narrow and harmonistic perception of ‘economic motion’ divorced from the socio-political context of capitalism.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: B0 (search for similar items in EconPapers)
Date: 1990
ISBN: 9781852780555
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Citations: View citations in EconPapers (2)

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