Abstract
Schumpeter’s conception of entrepreneurship was closely linked to his evolutionary perspective on economics. As the Appendix describes, such evolutionary notions as the adaptive response had played an important part in his early theory of economic development. Later, in Capitalism, Socialism and Democracy, he explicitly used an evolutionary perspective, and in fact Nelson has declared that all later evolutionary theories of economic growth that he knows of have drawn inspiration from this book.1 The term ‘capitalist evolution’ occurred quite frequently in its economic chapters and clearly had replaced Schumpeter’s earlier concept of economic development. Moreover, all forms of (capitalist) economic change were accommodated within the concept of evolution, whether the change was gradual or revolutionary, was an adaptive response or a spontaneous use of initiative:
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2005 Paul Brooker
About this chapter
Cite this chapter
Brooker, P. (2005). From Economic to Political Evolution. In: Leadership in Democracy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230508569_4
Download citation
DOI: https://doi.org/10.1057/9780230508569_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-54422-6
Online ISBN: 978-0-230-50856-9
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)