Hostname: page-component-7dd5485656-7jgsp Total loading time: 0 Render date: 2025-10-31T05:35:48.438Z Has data issue: false hasContentIssue false
  • English
  • Français

Schumpeterian Entrepreneurship Revisited: Historical Specificity and the Phases of Capitalist Development

Published online by Cambridge University Press:  11 June 2009

Alexander Ebner
Alexander Ebner
Affiliation:
Krupp-Chair of Public Finance and Fiscal Sociology, Faculty of Economics, Law and the Social Sciences, University of Erfurt, Nordhäuser Strasse 63, D-99089 Erfurt, Germany.
Get access Rights & Permissions [Opens in a new window]

Extract

Schumpeter's theory of entrepreneurship and innovation has been repeatedly interpreted in terms of a conceptual dualism, shifting from an early model of personal entrepreneurship in newly founded enterprises to a late model of research and development in large enterprises, responding to changes in the productive organization of capitalism. Due to theoretical inconsistencies, Schumpeter thus seemingly altered his argument on the role of entrepreneurship in economic development (Freeman et al. 1982, pp. 41–42). In countering these allegations, it has been put forward that Schumpeter's instrumental methodology would allow for settling historical experiences and theoretical reasoning on different analytical levels. Accordingly, the substantial validity of the Schumpeterian approach would remain independent from variable historical settings (Frank 1998, pp. 505–506). Adding to these methodological considerations, it has been suggested that the consistency of Schumpeter's argument could be reconstructed in terms of an explanation of capitalist development that resonates Weberian thought on rationalization and bureaucratization (Langlois 1998b, pp. 57–58).

Information

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 28 , Issue 3 , September 2006 , pp. 315 - 332
Copyright
Copyright © The History of Economics Society 2006

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

REFERENCES

Betz, Horst K. (1988) How Does the German Historical School Fit? History of Political Economy, 20 (09), pp. 409–30.Google Scholar
Blaug, Mark (1986) The Entrepreneur in Marx and Schumpeter, in: Helburn, Suzanne W. and Bramhall, David F. (Eds) Marx, Schumpeter, Keynes: A Centenary Celebration of Dissent (Armonk, NY: Sharpe), pp. 167–78.Google Scholar
Chaloupek, Günther (1995) Long-Term Economic Perspectives Compared: Joseph Schumpeter and Werner Sombart, European Journal of the History of Economic Thought, 2 (03), pp. 127–49.CrossRefGoogle Scholar
Ebner, Alexander (1999) Understanding Varieties in the Structure and Performance of National Innovation Systems: The Concept of Economic Style, in: Groenewegen, John and Vromen, Jack (Eds) Institutions and the Evolution of Capitalism: Implications of Evolutionary Economics (Aldershot: Edward Elgar), pp. 141–69.Google Scholar
Ebner, Alexander (2000) Schumpeter and the “Schmollerprogramm”: Integrating Theory and History in the Analysis of Economic Development, Journal of Evolutionary Economics, 10 (3), pp. 355–72.CrossRefGoogle Scholar
Ebner, Alexander (2003) The Institutional Analysis of Entrepreneurship: Historist Aspects of Schumpeter's Development Theory, in: Backhaus, Jürgen G. (Ed) Joseph Alois Schumpeter: Entrepreneurship, Style and Vision (Dordrecht and Boston: Kluwer), pp. 117–39.CrossRefGoogle Scholar
Faucci, Ricardo and Rodenzo, Veronica (1998) Did Schumpeter Change His Mind? Notes on Max Weber's Influence on Schumpeter, History of Economic Ideas, VI (1), pp. 27–54.Google Scholar
Frank, Mark W. (1998) Schumpeter on Entrepreneurs and Innovation: A Reappraisal, Journal of the History of Economic Thought, 20 (12), pp. 505–16.CrossRefGoogle Scholar
Freeman, Christopher, Clark, John, and Soete, Luc (1982) Unemployment and Technical Innovation: A Study of Long Waves and Economic Development (London: Pinter).Google Scholar
Green, Roy (1990) Rudolf Hilferding, in: Eatwell, John, Milgate, Murray, Newman, Peter (Eds) The New Palgrave: Marxian Economics (New York: Norton), pp. 201–204.Google Scholar
Hilferding, Rudolf (1910) Das Finanzkapital: Eine Studie über die jüngste Entwicklung des Kapitalismus (Vienna: Europa Verlag, 1968).Google Scholar
Hodgson, Geoffrey M. (2001) How Economics Forgot History: The Problem of Historical Specificity in Social Science (London and New York: Routledge).Google Scholar
Kleinknecht, Alfred (1987) Innovation Patterns in Crisis and Prosperity: Schumpeter's Long Cycle Reconsidered (New York: St. Martin's Press).Google Scholar
Kuznets, Simon (1940) Schumpeter's Business Cycles, American Economic Review, 30 (05), pp. 257–271.Google Scholar
Langlois, Richard N. (1998a) Personal Capitalism as Charismatic Authority: The Organizational Economics of a Weberian Concept, Industrial and Corporate Change, 7 (03), pp. 195–213.CrossRefGoogle Scholar
Langlois, Richard N. (1998b) Schumpeter and Personal Capitalism, in Eliasson, Gunnar, Green, Christopher and McCann, Charles R. Jr (Eds) Microfoundations of Economic Growth: A Schumpeterian Perspective (Ann Arbor: University of Michigan Press), pp. 57–82.Google Scholar
Langlois, Richard N. (2003) The Vanishing Hand: The Changing Dynamics of Industrial Capitalism, Industrial and Corporate Change, 12 (04), pp. 351–85.Google Scholar
Marx, K. (1867) Das Kapital: Kritik der Politischen Ökonomie, Vol. 1, Hamburg: Meissner, reprinted in: Karl Marx and Friedrich Engels, Werke, Vol. 23, edited by Institut für Marxismus-Leninismus beim ZK der SED (Berlin: Dietz, 1962).Google Scholar
Nelson, Richard R. and Winter, Sidney (1982) An Evolutionary Theory of Economic Change (Cambridge, MA.: The Belknap Press of Harvard University Press).Google Scholar
Osterhammel, Jürgen (1987) Joseph A. Schumpeter und das Nicht-Ökonomische in der Ökonomie, Kölner Zeitschrift für Soziologie und Sozialpsychologie, 39 (1), pp. 40–58.Google Scholar
Santarelli, Enrico and Pesciarelli, Enzo (1990) The Emergence of a Vision: The Development of Schumpeter's Theory of Entrepreneurship, History of Political Economy, 22 (11), pp. 677–96.CrossRefGoogle Scholar
Schefold, Bertram (1996) The German Historical School and the Belief in Ethical Progress, in: Brady, F. Neil (Ed) Ethical Universals in International Business (Berlin: Springer), pp. 173–96.CrossRefGoogle Scholar
Schmoller, Gustav (1901) Grundriβ der Allgemeinen Volkswirtschaftslehre, Volume 1 (Leipzig: Duncker und Humblot).Google Scholar
Schmoller, Gustav (1903) Werner Sombart: Der moderne Kapitalismus, Jahrbuch für Gesetzgebung, Verwaltung und Volkswirtschaft im Deutschen Reich, 51, pp. 349–369.Google Scholar
Schumpeter, Joseph A. (1908) Das Wesen und der Hauptinhalt der theoretischen Nationalökonomie (Berlin: Duncker und Humblot).Google Scholar
Schumpeter, Joseph A. (1910) Über das Wesen der Wirtschaftskrisen: Zeitschrift für Volkswirtschaft, Sozialpolitik und Verwaltung, 19, pp. 271–325.Google Scholar
Schumpeter, J. A. (1912) Theorie der wirtschaftlichen Entwicklung (Berlin: Duncker und Humblot).Google Scholar
Schumpeter, Joseph A. (1915) Die Wellenbewegung des Wirtschaftslebens, Archiv für Sozialwissenschaft und Sozialpolitik, 39, pp. 1–32.Google Scholar
Schumpeter, Joseph A. (1920/1921) Sozialistische Möglichkeiten von heute, Archiv für Sozialwissenschaft und Sozialpolitik, 48, pp. 305–60.Google Scholar
Schumpeter, Joseph A. (1926a) Theorie der wirtschaftlichen Entwicklung: Eine Untersuchung über Unternehmergewinn, Kapital, Kredit, Zins und den Konjunkturzyklus, 2nd edition (Berlin: Duncker und Humblot).Google Scholar
Schumpeter, Joseph A. (1926b) Gustav v. Schmoller und die Probleme von heute, Schmollers Jahrbuch für Gesetzgebung, Verwaltung und Volkswirtschaft im Deutschen Reiche, 50 (1), pp. 1–52.Google Scholar
Schumpeter, Joseph A. (1927) Sombarts Dritter Band, Schmollers Jahrbuch für Gesetzgebung, Verwaltung und Volkswirtschaft im Deutschen Reiche, 51 (3), pp. 349–69.Google Scholar
Schumpeter, Joseph A. (1928a) Unternehmer, in: Elster, Ludwig (Ed) Handwörterbuch der Staatswissenschaften, Fourth Edition, Volume 8 (Jena: Gustav Fischer), pp. 476–87.Google Scholar
Schumpeter, Joseph A. (1928b) The Instability of Capitalism, Economic Journal, XXXVIII (09), pp. 361–86.CrossRefGoogle Scholar
Schumpeter, Joseph A. (1929a) Der Unternehmer in der Volkswirtschaft von heute, in: Harms, Bernhard (Ed) Strukturwandlungen der Deutschen Volkswirtschaft, Vol. 1, 2nd edition, (Berlin: Reimar Hobbing), pp. 303–26.Google Scholar
Schumpeter, Joseph A. (1929b) Das soziale Antlitz des Deutschen Reiches, Bonner Mitteilungen, (1), reprinted in: Joseph A. Schumpeter, Aufsätze zur Soziologie, edited by Schneider, Erich and Spiethoff, Arthur (Tübingen: Mohr, 1953), pp. 214–25.Google Scholar
Schumpeter, Joseph A. (1935) The Analysis of Economic Change, Review of Economic Statistics, 17 (05), pp. 2–10.CrossRefGoogle Scholar
Schumpeter, Joseph A. (1939) Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process, two vols. (New York: McGraw-Hill).Google Scholar
Schumpeter, Joseph A. (1942) Capitalism, Socialism and Democracy (London: Allen and Unwin).Google Scholar
Schumpeter, J. A. (1943) Capitalism in the Postwar World, in Harris, Seymour E. (Ed) Postwar Economic Problems (New York: McGraw-Hill), pp. 113–26.Google Scholar
Schumpeter, Joseph A. (1946) Capitalism, in Encyclopedia Britannica, Vol. IV (Chicago and London: Encyclopedia Britannica), pp. 801–807.Google Scholar
Schumpeter, Joseph A. (1947) The Creative Response in Economic History, Journal of Economic History, VII (2), pp. 149–159.Google Scholar
Schumpeter, Joseph A. (1949a) The Historical Approach to the Analysis of Business Cycles, Universities National Bureau Conference on Business Cycle Research, reprinted in: Clemence, Richard V. (Ed) Essays of J.A. Schumpeter (Cambridge, Mass.: Addison-Wesley, 1951), pp. 308–315.Google Scholar
Schumpeter, Joseph A. (1949b) The March Into Socialism, Address Delivered to the American Economic Association, reprinted in: Schumpeter, Joseph A., Capitalism, Socialism and Democracy, Fourth Edition (New York: Harper, 1975), pp. 415–425.Google Scholar
Schumpeter, Joseph A. (1950) American Institutions and Economic Progress, Lecture delivered to the Walgreen Foundation Chicago, reprinted in: Joseph A. Schumpeter, The Economics and Sociology of Capitalism, edited by Swedberg, Richard (Princeton: Princeton University Press, 1991), pp. 438–444.Google Scholar
Schumpeter, Joseph A. (1954) History of Economic Analysis (New York: Oxford University Press).Google Scholar
Shionoya, Yuichi (1997) Schumpeter and the Idea of Social Science: A Metatheoretical Study (Cambridge: Cambridge University Press).CrossRefGoogle Scholar
Sombart, Werner (1916a) Der moderne Kapitalismus: Historisch-systematische Darstellung des gesamteuropäischen Wirtschaftslebens von seinen Anfängen bis zur Gegenwart, reprint of the Second Edition, Volume 1 (München: dtv, 1987).Google Scholar
Sombart, Werner (1916b) Der moderne Kapitalismus: Historisch-systematische Darstellung des gesamteuropäischen Wirtschaftslebens von seinen Anfängen bis zur Gegenwart, reprint of Vol. 2, 2nd edition, (München: dtv, 1987).Google Scholar
Sombart, Werner (1927) Der moderne Kapitalismus: Historisch-systematische Darstellung des gesamteuropäischen Wirtschaftslebens von seinen Anfängen bis zur Gegenwart, reprint, Vol. 3 (München: dtv, 1987).Google Scholar
Sombart, Werner (1929) Economic Theory and Economic History, The Economic History Review, 2 (1), pp. 1–19.Google Scholar
Sombart, Werner (1930) Capitalism, in: Seligman, Edwin (Ed) Encyclopedia of the Social Sciences, Vol. 3 (London: Macmillan), pp. 195–208.Google Scholar
Spiethoff, Arthur (1925) Krisen, in: Elster, Ludwig (Ed) Handwörterbuch der Staatswissenschaften, Vol. 6, 4th edition, (Jena: Gustav Fischer), pp. 8–91.Google Scholar
Streissler, Erich W. (1994) The Influence of German and Austrian Economics on Joseph A. Schumpeter, in: Shionoya, Yuichi and Perlman, Mark (Eds) Schumpeter in the History of Ideas (Ann Arbor: University of Michigan Press), pp. 13–38.Google Scholar
Swedberg, Richard (1991) Schumpeter: A Biograyphy (Princeton N. J.: Princeton University Press).Google Scholar
Weber, Max (1904–1905) Die protestantische Ethik und der Geist des Kapitalismus, Archiv für Sozialwissenschaft und Sozialpolitik, Vol. XX, pp. 1–54 and Vol. XXI, pp. 1–110, reprinted in: Max Weber, Gesammelte Aufsätze zur Religionssoziologie, Vol. 1 (Tübingen: Mohr, 1920), pp. 17–206.Google Scholar
Weber, Max (1909) Agrarverhältnisse im Altertum, Handwörterbuch der Staatswissenschaften, Third Edition, reprinted in: Max Weber, Gesammelte Aufsätze zur Sozial- und Wirtschaftsgeschichte (Tübingen: Mohr, 1924), pp. 1–288.Google Scholar
Weber, Max (1918) Der Sozialismus, Vienna, reprinted in: Max Weber, Gesammelte Aufsätze zur Soziologie und Sozialpolitik (Tübingen: Mohr, 1924), pp. 492–518.Google Scholar
Weber, Max (1920) Vorbemerkung, in: Max Weber, Gesammelte Aufsätze zur Religionssoziologie, Vol. 1, (Tübingen: Mohr), pp. 1–16.Google Scholar
Weber, Max (1921) Wirtschaft und Gesellschaft: Grundriss der verstehenden Soziologie, fifth revised edition (Tübingen: Mohr, 1972).Google Scholar
Wieser, Friedrich von (1914) Theorie der gesellschaftlichen Wirtschaft, in: Bücher, Karl, Schumpeter, Joseph A. and von Wieser, Friedrich, Grundriss der Sozialökonomik, Vol. 1, Grundlagen der Wirtschaft: Wirtschaft und Wirtschaftswissenschaft (Tübingen: Mohr), pp. 125–444.Google Scholar