Joseph A. Schumpeter: A Theory of Social and Economic Evolution (Great Thinkers in Economics) - Softcover
This book examines Schumpeter's dramatic theory of social and economic evolution as the pivot of his life and work, resolving apparent paradoxes and clarifying Schumpeter's challenges to economists and other social scientists.
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About the Author:
ESBEN SLOTH ANDERSEN is Associate Professor teaching Descriptive and Theoretical Economics in the Department of Business Studies at Aalborg University, Denmark. He is a member of the department's IKE Group on Innovation, Knowledge and Economic dynamics as well as the Danish Research Unit for Industrial Dynamics (DRUID).
Review:
'From the start of his career Joseph Schumpeter argued that continuing innovation causing both creative destruction and over the long run cumulative great improvements in the living standards of the common people was the most important feature of modern capitalist economies. He dedicated a professional lifetime trying to expand economic theory to recognize this. His general argument is widely accepted by academic economists, as well as by laypersons. On the other hand Schumpeter largely failed to move economic theory from its focus on equilibrium conditions. Esben Anderson does a beautiful job of telling this story.' - Richard R. Nelson, Professor Emeritus, Columbia University
'With this brilliant account of Schumpeter's intellectual history Andersen proves himself to be the leading expert on Schumpeter's writings. He tells us a thrilling story of an intellectual hero who, feeling compelled to revolutionize economic theory, wrestled all over his career with an evolutionary paradigm and eventually left it as an unfinished legacy.' - Ulrich Witt, Max Planck Institute of Economics, Jena
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- PublisherPalgrave Macmillan
- Publication date2014
- ISBN 10 1349740810
- ISBN 13 9781349740819
- BindingPaperback
- Edition number1
- Number of pages272
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