Abstract: Schumpeter’s approach to entrepreneurship has been the topic of numerous
contributions. Rather than providing one more exhaustive account of
Schumpeter’s view of entrepreneurship, this chapter concentrates on ways to
interpret his approach from the institutionalist perspective described in the
introduction. This implies that we will not trace the evolution of Schumpeter’s
theory of the entrepreneur from The Theory of Economic Development (TED) to
Capitalism, Socialism and Democracy (CSD), as is usually done. Instead, we will
focus on the question of whether this theory can be understood as an important
application of his methodological approach of combining history with economic
theory, using economic sociology as the intermediary. We will argue that this
methodological approach was instrumental in constructing a version of
economic dynamics that links economic development and institutional change.
This differs from standard interpretations of Schumpeter’s theory of
entrepreneurship that emphasise either an evolutionary selection view of
entrepreneurial competition or the so-called ‘Schumpeterian hypothesis’.1
Publication Year: 2002
Publication Date: 2002-04-18
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 7
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