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Schumpeter and the revival of evolutionary economics: an appraisal of the literature

Jan Fagerberg

Open publisher page 292 citations

Abstract

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and "evolutionary" ideas in economics more generally. A professional society honouring Schumpeter's name has been founded, and linked to it we have had for more than fifteen years now a professional journal devoted to this stream of thought. However, it has been argued that, despite these recent developments, the link between Schumpeter's own work and the more recent contributions to evolntionary economics is in fact rather weak. This paper considers this claim.

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What this paper is about

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and "evolutionary" ideas in economics more generally. A professional society honouring Schumpeter's name has been founded, and linked to it we have had for more than fifteen years now a professional journal devoted to this stream of thought. However, it has been argued that, despite these recent developments, the link between Schumpeter's own work and the more recent contributions to evolntionary economics is in fact rather weak. This paper considers this claim.

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OpenAlex reports 292 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

During the last two decades we have seen a revival of interest in the works of Joseph Schumpeter and "evolutionary" ideas in economics more generally. A professional society honouring Schumpeter's name has been founded, and linked to it we have had for more than fifteen years now a professional journal devoted to this stream of thought. However, it has been argued that, despite these recent developments, the link between Schumpeter's own work and the more recent contributions to evolntionary economics is in fact rather weak. This paper considers this claim.

Key concepts: Evolutionary economics, Positive economics, Neoclassical economics, Economics, Epistemology, Sociology, Social science, Philosophy

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