£83.27

Springer Capitalism and Democracy in the 21st Century: Proceedings of the International Joseph A. Schumpeter Society Conference, Vienna 1998 “Capitalism and Socialism in the 21st Century”

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£89.91 £81.07 £83.00 £84.93 £86.85 £88.78 £90.71 27 March 2026 12 April 2026 29 April 2026 15 May 2026 01 June 2026

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9 days 22 days · current 22 days 14 days 0 6 11 17 22 £82 £83 £85 £90 Days at Price

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Price range: £82 - £90

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Description

Joseph Schumpeter oscillated in his view about the type of economic system that was most conducive to growth. In his 1911 treatise, Schumpeter argued that a more decentralized and turbulent industry structure where the pro cess of creative destruction was triggered by vigorous entrepreneurial ac tivity was the engine of economic growth. But by 1942 Schumpeter had modified his theory, arguing instead that a more centralized and stable industry structure was more conducive to growth. According to Schum peter (1942, p. 132), under the managed economy there was little room for entrepreneurship because, "Innovation itself is being reduced to routine. Technological progress is increasingly becoming the business of teams of trained specialists who turn out what is required to make it work in pre dictable ways" (p. 132). Schumpeter (1942) reversed his earlier view by arguing that the integration of knowledge creation and appropriation be stowed an inherent innovative advantage upon giant corporations, "Since capitalist enterprise, by its very achievements, tends to automize progress, we conclude that it tends to make itself superfluous - to break to pieces under the pressure of its own success.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
16 November 2000
Listed Since
27 December 2006

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