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Schumpeter on the Economics of Innovation and the Development of Capitalism

Arnold Heertje, Emeritus Professor of Economics, University of Amsterdam, The Netherlands
This book is a valuable insight into the life and work of Joseph A. Schumpeter. Bringing together an extensive collection of his essays, Arnold Heertje provides an overview of Schumpeter's life, his work and methodological approach.
Extent: 160 pp
Hardback Price: $127.00 Web: $114.30
Publication Date: 2006
ISBN: 978 1 84542 445 9
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  • Economics and Finance
  • Economics of Innovation
  • Evolutionary Economics
  • Innovation and Technology
  • Economics of Innovation
This book is a valuable insight into the life and work of Joseph A. Schumpeter. Bringing together an extensive collection of his essays, Arnold Heertje provides an overview of Schumpeter's life, his work and methodological approach.

Schumpeter's vision of the role of the state and the capitalist system is thoroughly analysed by the author, who goes on to track the changing interpretation of Schumpeter's grand vision on the capitalist system through time. He also examines Schumpeter's ideas on technical change, innovation and economic growth and discusses neo-Schumpeterians and economic theory.

Schumpeter on the Economics of Innovation and the Development of Capitalism will appeal to academics, students and scholars interested in an in-depth study of the great economist.
‘I think that Heertje’s book presents interesting debates initiated by the work of Schumpeter. . . I fully recommend Arnold Heertje’s book. Moreover, readers who want to buy a book on Schumpeter for their library would do well purchasing this collection of reprinted essays written by Arnold Heertje.’
– Falko Juessen, Papers in Regional Science

‘. . . a vivid and engaging account of Schumpeter’s approach to major social and economic issues and methodology, and his empirical research on economic dynamics and technical change. . . . an invaluable contribution to the academic debates on Schumpeter’s ideas, and will be essential reading for advanced undergraduates, post-graduates and academics studying the history and theory of political economy.’
– Rachel S. Turner, Political Studies Review

‘The book offers a solid introduction to the insights of Schumpeter’s vision, as well as an interesting firsthand account on the evolution of Schumpeter’s influence within economics over the past several decades . . . On the whole, this book offers a nice presentation of Schumpeter’s views on technical change, innovation, and entrepreneurs form one of the leading scholars on Schumpeter’s life and work. The book will certainly be of value to scholars of Schumpeter, but will also be of interest to novice-Schumpeterians interested in a concise and accessible critique on Schumpeter’s work.’
– Mark W. Frank, EH.Net
Contents: Preface Introduction Part I: Overview 1. Schumpeter: A Life 2. Schumpeter and the Economics of Technical Change 3. Schumpeter and Methodological Individualism Part II: Evolutionary Economics and the Future of Capitalism 4. Schumpeter’s Model of the Decay of Capitalism 5. Capitalism, Socialism and Democracy After Fifty Years 6. From Schumpeter to Stiglitz Part III: Technical Change, Innovation and Economic Growth 7. Schumpeter and Technical Change 8. Schumpeter, Keynes and Technical Change 9. Schumpeter on Economic Growth, Economic Development and Welfare 10. Evolving Technology and Market Structure: Studies in Schumpeterarian Economics 11. Neo-Schumpeterarians and Economic Theory Bibliography Index