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The Legacy of Joseph A. Schumpeter
This authoritative collection presents an overview of the widespread significance of Schumpeter''s thought. Part I examines the reception accorded to Schumpeter''s ideas by his contemporaries. In Part II the impact of his scientific ideas from the 1950s to the 1970s is investigated. Part III covers the renewed influence of Schumpeter''s thought in the 1980s. While the contributions on industrial economics are presented in neoclassical fashion, the studies of innovation economics and evolutionary modelling reveal further ramifications of Schumpeter''s legacy. Part IV highlights the importance of Schumpeterian ideas on modern macroeconomic theories and the final part demonstrates the influence of his thought in other fields such as public finance, sociology, politics and history.
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Contributors
Contents
More Information
This authoritative collection presents an overview of the widespread significance of Schumpeter’s thought. Part I examines the reception accorded to Schumpeter’s ideas by his contemporaries. In Part II the impact of his scientific ideas from the 1950s to the 1970s is investigated. Part III covers the renewed influence of Schumpeter’s thought in the 1980s. Whilst the contributions on industrial economics are presented in neoclassical fashion, the studies of innovation economics and evolutionary modelling reveal further ramifications of Schumpeter''s legacy. Part IV highlights the importance of Schumpeterian ideas on modern macroeconomic theories and the final part demonstrates the influence of his thought in other fields such as public finance, sociology, politics and history.
Contributors
42 articles, dating from 1943 to 1996
Contributors include: K. Binmore, P. Dasgupta, G. Dosi, E. Mansfield, R.R. Nelson, M. Perlman, P.M. Romer, F.M. Scherer, J.E. Stiglitz, S. Winter
Contributors include: K. Binmore, P. Dasgupta, G. Dosi, E. Mansfield, R.R. Nelson, M. Perlman, P.M. Romer, F.M. Scherer, J.E. Stiglitz, S. Winter
Contents
Contents:
Acknowledgements
Introduction Horst Hanusch
Part I: Schumpeter’s Reception by Contemporaries
1. Fritz Machlup (1943), ‘Capitalism and its Future Appraised by Two Liberal Economists’
2. J. Tinbergen (1951), ‘Schumpeter and Quantitative Research in Economics’
3. Abbott Payson Usher (1955), ‘Technical Change and Capital Formation’
Part II: Schumpeter’s Early Scientific Impact
4. P. Hennipman (1954), ‘Monopoly: Impediment or Stimulus to Economic Progress?’
5. Edwin Mansfield (1963), ‘Size of Firm, Market Structure, and Innovation’
6. F.M. Scherer (1965), ‘Firm Size, Market Structure, Opportunity, and the Output of Patented Innovations’
7. Almarin Phillips (1966), ‘Patents, Potential Competition, and Technical Progress’
8. Jacob Schmookler (1962), ‘Economic Sources of Inventive Activity’
9. Nathan Rosenberg (1969), ‘The Direction of Technological Change: Inducement Mechanisms and Focusing Devices’
Part III: The Schumpeterian Renaissance
A New Industrial Economics
10. Partha Dasgupta and Joseph Stiglitz (1980), ‘Industrial Structure and the Nature of Innovative Activity’
11. Michael Spence (1984), ‘Cost Reduction, Competition, and Industry Performance’
12. Edwin Mansfield, Mark Schwartz and Samuel Wagner (1981), ‘Imitation Costs and Patents: An Empirical Study’
13. Alvin K. Klevorick, Richard C. Levin, Richard R. Nelson and Sidney G. Winter (1995), ‘On the Sources and Significance of Interindustry Differences in Technological Opportunities’
14. Keith Pavitt (1984), ‘Sectoral Patterns of Technical Change: Towards a Taxonomy and a Theory’
B New Innovation Economics and Evolutionary Economics
Heterogeneity
15. Herbert A. Simon (1984), ‘On the Behavioral and Rational Foundation of Economic Dynamics’
16. David A. Lane (1993), ‘Artificial Worlds and Economics, Part 1 and Part 2’
17. W. Brian Arthur (1993), ‘On Designing Economic Agents that Behave Like Human Agents’
Selection
18. Richard R. Nelson and Sidney G. Winter (1978), ‘Forces Generating and Limiting Concentration Under Schumpeterian Competition’
19. Gerald Silverberg, Giovanni Dosi and Luigi Orsenigo (1988), ‘Innovation, Diversity and Diffusion: A Self-Organisation Model’
20. J.S. Metcalfe (1994), ‘Competition, Fisher''s Principle and Increasing Returns in the Selection Process’
Structure
21. Giovanni Dosi (1982), ‘Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change’
22. B. Carlsson and R. Stankiewicz (1991), ‘On the Nature, Function and Composition of Technological Systems’
New Approaches
23. Steven N. Durlauf (1993), ‘Nonergodic Economic Growth’
24. Ken Binmore and Larry Samuelson (1994), ‘An Economist’s Perspective on the Evolution of Norms’
25. Alan P. Kirman (1992), ‘Variety: The Coexistence of Techniques’
Name Index
Volume II
Acknowledgements
An introduction by the editor to both volumes appears in volume I
Part IV: The Influence of Schumpeterian Ideas on Modern Macroeconomics
A Growth and Cycles
1. Paul M. Romer (1990), ‘Endogenous Technical Change’
2. Philippe Aghion and Peter Howitt (1992), ‘A Model of Growth Through Creative Destruction’
3. Leonard K. Cheng and Elias Dinopoulos (1992), ‘Schumpeterian Growth and International Business Cycles’
B Long Waves
4. Richard M. Goodwin (1990), ‘Walras and Schumpeter: The Vision Reaffirmed’
5. Christopher Freeman and Carlota Perez (1988), ‘Structural Crises of Adjustment, Business Cycles and Investment Behaviour’
C Money
6. Richard Arena and Agnès Festré (1996), ‘Banks, Credit, and the Financial System in Schumpeter: an Interpretation’
D Policy
7. W.F. Stolper (1991), ‘The Theoretical Bases of Economic Policy: The Schumpeterian Perspective’
Part V: Schumpeter’s Heritage in Other Fields
A Entrepreneurship
8. Edward A. Carlin (1956), ‘Schumpeter''s Constructed Type - The Entrepreneur’
9. Brian J. Loasby (1984), ‘Entrepreneurs and Organization’
10. Richard R. Nelson (1984), ‘Incentives for Entrepreneurship and Supporting Institutions’
B Public Finance and Public Choice
11. Fuat M. Andic and Suphan Andic (1985), ‘An Exploration into Fiscal Sociology: Ibn Khaldun, Shumpeter, and Public Choice’
12. R.A. Musgrave (1992), ‘Schumpeter''s Crisis of the Tax State: An Essay in Fiscal Sociology’
13. William C. Mitchell (1984), ‘Schumpeter and Public Choice, Part I and II’
C Methodology, Sociology and History
14. Yuichi Shionoya (1990), ‘Instrumentalism in Schumpeter''s Economic Methodology’
15. Richard Swedburg (1989), ‘Joseph A. Schumpeter and the Tradition of Economic Sociology’
16. Hans E. Jensen (1987), ‘New Lights on J.A. Schumpeter''s Theory of the History of Economics?’
17. Mark Perlman (1996), ‘On Schumpeter''s History of Economic Analysis, 40 Years After’
Name Index
Acknowledgements
Introduction Horst Hanusch
Part I: Schumpeter’s Reception by Contemporaries
1. Fritz Machlup (1943), ‘Capitalism and its Future Appraised by Two Liberal Economists’
2. J. Tinbergen (1951), ‘Schumpeter and Quantitative Research in Economics’
3. Abbott Payson Usher (1955), ‘Technical Change and Capital Formation’
Part II: Schumpeter’s Early Scientific Impact
4. P. Hennipman (1954), ‘Monopoly: Impediment or Stimulus to Economic Progress?’
5. Edwin Mansfield (1963), ‘Size of Firm, Market Structure, and Innovation’
6. F.M. Scherer (1965), ‘Firm Size, Market Structure, Opportunity, and the Output of Patented Innovations’
7. Almarin Phillips (1966), ‘Patents, Potential Competition, and Technical Progress’
8. Jacob Schmookler (1962), ‘Economic Sources of Inventive Activity’
9. Nathan Rosenberg (1969), ‘The Direction of Technological Change: Inducement Mechanisms and Focusing Devices’
Part III: The Schumpeterian Renaissance
A New Industrial Economics
10. Partha Dasgupta and Joseph Stiglitz (1980), ‘Industrial Structure and the Nature of Innovative Activity’
11. Michael Spence (1984), ‘Cost Reduction, Competition, and Industry Performance’
12. Edwin Mansfield, Mark Schwartz and Samuel Wagner (1981), ‘Imitation Costs and Patents: An Empirical Study’
13. Alvin K. Klevorick, Richard C. Levin, Richard R. Nelson and Sidney G. Winter (1995), ‘On the Sources and Significance of Interindustry Differences in Technological Opportunities’
14. Keith Pavitt (1984), ‘Sectoral Patterns of Technical Change: Towards a Taxonomy and a Theory’
B New Innovation Economics and Evolutionary Economics
Heterogeneity
15. Herbert A. Simon (1984), ‘On the Behavioral and Rational Foundation of Economic Dynamics’
16. David A. Lane (1993), ‘Artificial Worlds and Economics, Part 1 and Part 2’
17. W. Brian Arthur (1993), ‘On Designing Economic Agents that Behave Like Human Agents’
Selection
18. Richard R. Nelson and Sidney G. Winter (1978), ‘Forces Generating and Limiting Concentration Under Schumpeterian Competition’
19. Gerald Silverberg, Giovanni Dosi and Luigi Orsenigo (1988), ‘Innovation, Diversity and Diffusion: A Self-Organisation Model’
20. J.S. Metcalfe (1994), ‘Competition, Fisher''s Principle and Increasing Returns in the Selection Process’
Structure
21. Giovanni Dosi (1982), ‘Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change’
22. B. Carlsson and R. Stankiewicz (1991), ‘On the Nature, Function and Composition of Technological Systems’
New Approaches
23. Steven N. Durlauf (1993), ‘Nonergodic Economic Growth’
24. Ken Binmore and Larry Samuelson (1994), ‘An Economist’s Perspective on the Evolution of Norms’
25. Alan P. Kirman (1992), ‘Variety: The Coexistence of Techniques’
Name Index
Volume II
Acknowledgements
An introduction by the editor to both volumes appears in volume I
Part IV: The Influence of Schumpeterian Ideas on Modern Macroeconomics
A Growth and Cycles
1. Paul M. Romer (1990), ‘Endogenous Technical Change’
2. Philippe Aghion and Peter Howitt (1992), ‘A Model of Growth Through Creative Destruction’
3. Leonard K. Cheng and Elias Dinopoulos (1992), ‘Schumpeterian Growth and International Business Cycles’
B Long Waves
4. Richard M. Goodwin (1990), ‘Walras and Schumpeter: The Vision Reaffirmed’
5. Christopher Freeman and Carlota Perez (1988), ‘Structural Crises of Adjustment, Business Cycles and Investment Behaviour’
C Money
6. Richard Arena and Agnès Festré (1996), ‘Banks, Credit, and the Financial System in Schumpeter: an Interpretation’
D Policy
7. W.F. Stolper (1991), ‘The Theoretical Bases of Economic Policy: The Schumpeterian Perspective’
Part V: Schumpeter’s Heritage in Other Fields
A Entrepreneurship
8. Edward A. Carlin (1956), ‘Schumpeter''s Constructed Type - The Entrepreneur’
9. Brian J. Loasby (1984), ‘Entrepreneurs and Organization’
10. Richard R. Nelson (1984), ‘Incentives for Entrepreneurship and Supporting Institutions’
B Public Finance and Public Choice
11. Fuat M. Andic and Suphan Andic (1985), ‘An Exploration into Fiscal Sociology: Ibn Khaldun, Shumpeter, and Public Choice’
12. R.A. Musgrave (1992), ‘Schumpeter''s Crisis of the Tax State: An Essay in Fiscal Sociology’
13. William C. Mitchell (1984), ‘Schumpeter and Public Choice, Part I and II’
C Methodology, Sociology and History
14. Yuichi Shionoya (1990), ‘Instrumentalism in Schumpeter''s Economic Methodology’
15. Richard Swedburg (1989), ‘Joseph A. Schumpeter and the Tradition of Economic Sociology’
16. Hans E. Jensen (1987), ‘New Lights on J.A. Schumpeter''s Theory of the History of Economics?’
17. Mark Perlman (1996), ‘On Schumpeter''s History of Economic Analysis, 40 Years After’
Name Index