Development by Joseph A. Schumpeter: Introduction

Markus Becker (), Hans Ulrich Esslinger, Ulrich Hedtke and Thorbjorn Knudsen
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Markus Becker: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique, SDU - University of Southern Denmark
Hans Ulrich Esslinger: Friedrich-Schiller-Universität = Friedrich Schiller University Jena [Jena, Germany]
Ulrich Hedtke: BBAW - Berlin-Brandenburgische Akademie der Wissenschaften
Thorbjorn Knudsen: SDU - University of Southern Denmark

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Abstract: The present article introduces Development, a new, unpublished and hitherto unknown article by Joseph A. Schumpeter from 1932. Development is remarkable because it significantly adds to Schumpeter's known works on a number of issues that were central to his theory of economic development. Development shows that Schumpeter considered the explanation of novelty as the most important unsolved scientific problem. Schumpeter doubts the explanatory value of entrepreneurship and indicates that theoretical advances might be forthcoming that can help a better understanding of the social dynamics which gives rise to novelty.

Date: 2005-03
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Published in Journal of Economic Literature, 2005, 43 (1), pp.108-120. ⟨10.1257/0022051053737825⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00279162

DOI: 10.1257/0022051053737825

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