Schumpeter and Goodwin

Hardy Hanappi

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses the works of Joseph Schumpeter and Richard Goodwin using the common perspective that both were theoretical mavericks of mainstream economic theory development in the 20th century. In particular the fact that their activities overlapped during their cooperation at Harvard University is explored. Their contributions are interpreted as entrepreneurial activity in the domain of theory building - with some spillovers to economic policy intervention. It is argued that maverick theoretical activity is indispensable for progress in evolutionary political economy.

Keywords: Evolutionary political economy; Schumpeter; Goodwin; history of thought (search for similar items in EconPapers)
JEL-codes: B3 B31 B41 B50 O31 (search for similar items in EconPapers)
Date: 2014-11-12
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59932

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