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Schumpeter and Steindl on Growth and the Transformation to Maturity in Capitalism

CRAE Research Paper No. 2007-06

35 Pages Posted: 18 Jan 2014

See all articles by Harry Bloch

Harry Bloch

Curtin University of Technology - Curtin Business School - School of Economics and Finance

J. Finch

University of Aberdeen - Business School

Date Written: July 6, 2007

Abstract

Joseph Schumpeter and Josef Steindl provide distinctive contributions to the analysis of growth and development under capitalism. They each analyse the evolution of competition and use this analysis to determine the growth prospects of mature capitalism. Both reach pessimistic conclusions, although for different reasons. This paper critically examines the analysis of each author and makes suggestions for building on their work to provide a richer theory of economic growth and transformation, which can be used to assess current and future growth prospects for advanced capitalist economies.

Suggested Citation

Bloch, Harry and Finch, J., Schumpeter and Steindl on Growth and the Transformation to Maturity in Capitalism (July 6, 2007). CRAE Research Paper No. 2007-06. Available at SSRN: https://ssrn.com/abstract=2379894 or http://dx.doi.org/10.2139/ssrn.2379894

Harry Bloch (Contact Author)

Curtin University of Technology - Curtin Business School - School of Economics and Finance ( email )

Curtin University
GPO Box U 1987
Perth, 6845
Australia
+61 8 9266 2035 (Phone)
+61 8 9266 3026 (Fax)

J. Finch

University of Aberdeen - Business School ( email )

Edward Wright Building
Dunbar Street
Old Aberdeen AB24 3QY, Scotland AB24 3QY
United Kingdom

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