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  1. www.researchgate.net › publication › 324918904SchumpeterrS Theory of Economic Development: A Study of the ...

    This paper provides a multifaceted review and analysis of Schumpeter’s Theory of Economic Development and specifically the creative destruction effect intertwined with the business cycles,...

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      This paper provides a multifaceted review and analysis of...

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  2. www.jstor.org › stable › 202001From Creative Action to the Social Rationalization of the ...

    Schumpeter claimed that neoclassical economic theory could not fulfill its task of analyzing the laws of the economic production and distribution process without one precisely defined concept of action, that of rational individual action.

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  4. cepr.org › voxeu › columnsDiscovering the ‘true’ Schumpeter: New insights on the ...

    • Conclusion
    • References
    • Endnotes

    Robert Solow (1994: 45) made a remarkable statement: "Schumpeter is a kind of patron saint in this field. Perhaps I am the only one who thinks he should be treated like a patron saint: paraded one day a year and more or less ignored the rest of the time." Our contribution shows that Schumpeter, although ritually paraded in the literature, has in fa...

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    Aghion, P, U Akcigit and P Howitt (2015), “Lessons from schumpeterian growth theory”, American Economic Review105(5): 94-99. Aghion, P and P Howitt (1990), “A model of growth through creative destruction”, NBER Working Paper 3223. Beck, T, R Döttling, T Lambert and M A Van Dijk (2021), “Liquidity creation, investment, and growth”, SSRN Working Pape...

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    1 Many authors use the term ‘savings’ as a synonym for ‘saving’. This is problematic as ‘savings’, in contrast to saving, is a term that is not used in official national account or financial account statistics. In addition, while saving is a flow concept, ‘savings’ creates the impression of a stock concept which must lead to confusion. 2 Schumpeter...

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  5. www.cambridge.org › core › journalsBUSINESS CYCLES, GROWTH, AND ECONOMIC POLICY: SCHUMPETER AND ...

    Dec 19, 2016 · Joseph A. Schumpeter’s theory of economic development analyzes how growth and cycle dynamics intertwine. The process of creative destruction plays an essential role in those dynamics: embodying a cleansing effect, it has a clear, beneficial impact on long-run development.

    • Muriel Dal Pont Legrand, Harald Hagemann
    • 2017

  6. www.essentialscholars.org › sites › defaultChapter 6 Democracy, Public Choice, and Government Policy

    In The Economic Theory of Democracy, Downs writes: “Schumpeter’s profound analysis of democracy forms the inspiration and foundation for our whole thesis, and our debt and gratitude to him are great indeed” (1957: 29).

  7. link.springer.com › article › 10Schumpeter’s Theory of Economic Development - Springer

    Oct 23, 2012 · This article sheds light on the impact of Schumpeter’s Theory of Economic Development over the last 100 years, and identifies insights from that work that are less well-known, but that have the potential for informing current developments in evolutionary economics.

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  9. www.academia.edu › 2492522 › Schumpeter_J_A_1934Schumpeter, J.A., 1934 (2008), The Theory of Economic ...

    In this book Schumpeter explored the cyclical evolution of the economic world focusing the analysis on the important role assumed by innovation in starting a new phase of economic development.