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More About This Textbook
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Product Details
Meet the Author
Esben Sloth Andersen is Professor of Evolutionary Economics in the Department of Business Studies, Aalborg University.
Table of Contents
List of Figures ix
List of Tables xi
Preface xiii
Acknowledgements xvii
Abbreviations xix
1 Introduction 1
1.1 The name of the game: 'evolutionary economics' 2
1.2 Schumpeter's evolutionary pivot 6
1.3 Alternative images of Schumpeter's work 15
1.4 The structure of the present book 19
I Equilibrium Economics and Evolutionary Economics 21
2 The Early Years 23
2.1 Research programmes for the twentieth century 23
2.2 Preparing to become a great economist 28
2.3 Schumpeter's new intellectual combination 35
3 From Walrasian Statics To Evolutionary Dynamics 39
3.1 Different interpretations of Wesen 40
3.2 Exploring the "Magna Carta" of theoretical economics 44
3.3 Resolving the battle of methods 50
3.4 The Statics-Dynamics dichotomy 53
3.5 Types of entrepreneurs and parameters of the system 58
3.6 Conclusion 65
4 Elitist Dichotomies and General Evolutionary Analysis 67
4.1 The 'lost' chapters of Entwicklung I and their translation 68
4.2 From elite theory to the Schumpeterian dichotomies 75
4.3 The dichotomies of Pareto and Schumpeter 83
4.4 Towards a general theory of social evolution 89
4.5 Conclusion 95
5 Evolutionary Dynamics in the Capitalist Economy 99
5.1 Three interpretations of Entwicklung I 101
5.2 Starting at the Böhm-Bawerk Seminar of 1905 104
5.3 Theories of interest and of capitalism 107
5.4 The evolutionary function of business cycles 113
5.5 The "spirit of capitalism" and the system of concepts 122
5.6 Conclusion 132
II The Evolutionary Trilogy 135
6 Approaching the Evolutionary Trilogy 137
6.1 The evolutionary trilogy and its name 137
6.2 The fields of evolutionary analysis 141
6.3 The evolutionary mechanisms of the capitalist engine 144
7 The Capitalist Engine and Socio-Political Evolution 155
7.1 Two ways of reading Capitalism 156
7.2 Mark II of the capitalist engine and its implications 161
7.3 Emergence of the capitalist engine and the tax state 169
7.4 Democratic political evolution: Mark I and Mark II 174
7.5 The endless economic frontier and the sociological trend 180
7.6 Conclusion 186
8 Waveform Economic Evolution and Business Cycles 189
8.1 The complex contents of Cycles 190
8.2 Towards a reasoned history of the capitalist process 198
8.3 The Kondratieffs and Juglars of the third approximation 209
8.4 The pure model of the first approximation 217
8.5 The second approximation with the secondary wave 225
8.6 Extensions of the second approximation 233
8.7 Conclusion 238
9 The Basic Mechanisms of Economic Evolution 241
9.1 Development as part of the evolutionary trilogy 243
9.2 The circular flow and the mechanism of adaptation 250
9.3 The function of the Schumpeterian entrepreneur 262
9.4 Combining the mechanisms of innovation and adaptation 273
9.5 Mark I and Mark II of the capitalist engine 284
9.6 Conclusion 293
III Works in Progress 295
10 Schumpeter and the Years of High Theory 297
10.1 Schumpeterian unfinishedness 297
10.2 The years of high theory and high econometrics 300
10.3 The principle of indeterminateness 307
10.4 The theoretical apparatus of economics 315
10.5 Schumpeter's "final thesis" 322
11 Evolutionary Analysis and the History of Economics 327
11.1 The gradual development of History 329
11.2 Long waves in the evolution of economic analysis 336
11.3 Why do we study the history of economics? 342
11.4 Economics as a tool-based science and its evolution 346
11.5 The brakes of the scientific engine 350
11.6 The fundamental fields of scientific economics 358
11.7 Conclusion 366
12 Beyond Schumpeter's Evolutionary Economics 369
12.1 The fields of evolutionary economics 370
12.2 Evolutionary economic theory: general problems 373
12.3 Evolutionary economic theory: specific mechanisms 379
12.4 Evolutionary economic statistics 387
12.5 Evolutionary economic history 397
12.6 Evolutionary economic as a whole 407
Appendices 411
A Chronology 413
B Literature on Schumpeter 417
C Accessing and Grouping Schumpeter's Works 421
C.1 The Schumpeter Archives 421
C.2 Collections of Schumpeter's papers and letters 422
C.3 Translating Schumpeter's German texts 423
C.4 Subjects of Schumpeter's works 425
D Some Tools for Evolutionary Analysis 427
D.1 The ecological approach to evolutionary analysis 427
D.2 The statistical approach to evolutionary analysis 436
Schumpeter's Works 447
Other References 461
Index of Schumpeter's Works 483
Index of Persons 489