Schumpeter's Theory of Economic Development: An Evolutionary Perspective

Young Scientists Revue, (ed.) Stefan Hittmar, Faculty of Management Science and Informatics, University of Zilina, Forthcoming

9 Pages Posted: 13 Oct 2015

See all articles by Karol Śledzik

Karol Śledzik

University of Gdańsk - Faculty of Management

Date Written: October 8, 2015

Abstract

Although area of economics associated with economic evolution has become established during the last couple of decades, its objectives and potentials can most easily be understood on the background of the work of Joseph A. Schumpeter. The fundamental objective of evolutionary economics is to understand the dynamic processes that dually impact the behavior of companies and the market environment in which they operate. The main purpose of this paper is to present the economic development theory of J. A. Schumpeter in the frame of evolution theory. Although Schumpeter had evidently a distinct understanding of the general character of an evolutionary theory he did not succeed in creating a satisfactory, general theory of economic evolution.

Keywords: Darwinism, Evolutionary economics, Schumpeter, develompment

JEL Classification: A11, B10, B23, E60

Suggested Citation

Śledzik, Karol, Schumpeter's Theory of Economic Development: An Evolutionary Perspective (October 8, 2015). Young Scientists Revue, (ed.) Stefan Hittmar, Faculty of Management Science and Informatics, University of Zilina, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2671179

Karol Śledzik (Contact Author)

University of Gdańsk - Faculty of Management ( email )

ul. Armii Krajowej 101, 81-824
ul. Bażyńskiego 1A,
Gdańsk, 80-952
Poland

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