Schumpeter and Schumpeterians on economic policy issues

Agnès Festré, Odile Lakomski-Laguerre (odile.lakomski@u-picardie.fr) and Stéphane Longuet (stephane.longuet@u-picardie.fr)
Additional contact information
Odile Lakomski-Laguerre: CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne
Stéphane Longuet: CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne

Post-Print from HAL

Abstract: We develop a critical interpretation of Schumpeter's thinking that allows two alternative 'operationalizations' of his theoretical approach of economic development and institutions. We show that they are compatible with the two dominant neo- Schumpeterian economic dynamics approaches - one focused on the national economic and institutional conditions required for commitment to an innovation based strategy for competing at the world technology frontier, and one which combines Schumpeter's insights on technological change with Keynesian policies supporting demand for consumer goods and investment in the context of radical uncertainty and heterogeneous behaviour. The implications for policy of these two perspectives are discussed in relation to Schumpeter's ambiguous stance on economic policy issues. Finally, based on an articulation of institutions and individual behaviour in light of recent developments in behavioural economics, we provide some implications for new perspectives on economic policy.

Keywords: Schumpeter; Institutional economics; Behavioral economics; Innovation; Economic policy (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Published in Journal of Evolutionary Economics, 2016, ⟨10.1007/s00191-015-0442-4⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01295527

DOI: 10.1007/s00191-015-0442-4

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).