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The Schumpeter Legacy

Delali Accolley

MPRA Paper from University Library of Munich, Germany

Abstract: This is a biography of Joseph Alois Schumpeter, the father of both the concept of creative destruction and the elite theory of democracy. The influence of his works has gone beyond the Economics field. He has influenced both economists through his explanations of business cycles and innovations and Political Scientists through his theories of democracy. Recently, in the wake of the 2008 financial crisis, Schumpeter's thesis on the self-destruction of capitalism has been revisited by economists.

Keywords: Schumpeter; creative destruction; innovation (search for similar items in EconPapers)
JEL-codes: B3 (search for similar items in EconPapers)
Date: 2011-03-20, Revised 2016-03-19
New Economics Papers: this item is included in nep-his, nep-hpe and nep-ino
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