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Is Joseph Schumpeter's theory of economic development still useful? The case of a semirural community in Colombia

In: Economic Action in Theory and Practice: Anthropological Investigations

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  • Andrés Marroquín Gramajo

Abstract

This chapter claims that the La Chamba community in central Colombia exhibits some characteristics of Schumpeter's (1949) concept of economic development. This case is important because it represents several mestizo communities in Latin America, which are deeply involved in domestic and international craft markets. The market economy penetrates the ceramic community of La Chamba, fostering technological change, improving economic development (as Schumpeter defines it), and creating economic differences across households.

Suggested Citation

  • Andrés Marroquín Gramajo, 2010. "Is Joseph Schumpeter's theory of economic development still useful? The case of a semirural community in Colombia," Research in Economic Anthropology, in: Economic Action in Theory and Practice: Anthropological Investigations, pages 77-98, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:reanzz:s0190-1281(2010)0000030007
    DOI: 10.1108/S0190-1281(2010)0000030007
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